Tencent and Alibaba Consider Backing DeepSeek in $20bn AI Fundraising
Updated
Updated · Bloomberg · Apr 22
Tencent and Alibaba Consider Backing DeepSeek in $20bn AI Fundraising
6 articles · Updated · Bloomberg · Apr 22
Chinese AI startup DeepSeek is in talks to raise funding at a valuation exceeding $20 billion, according to reports from The Information.
Tech giants Tencent and Alibaba are among those considering investments in DeepSeek, which is owned by High-Flyer Capital Management.
The fundraising highlights the significant capital needed to develop advanced AI models, and comes after DeepSeek’s initial release spurred industry reactions in 2025.
Is DeepSeek's $20 billion valuation a sign of AI power or a geopolitical bubble?
As DeepSeek rises, is the world heading towards two separate, competing AI internets?
Could DeepSeek's ultra-low-cost models make Western AI competitors obsolete?
Will DeepSeek's alliance with Huawei permanently break Nvidia's grip on the AI market?
How is China building top-tier AI without America's most advanced chips?
What happens to global AI safety if China's models become dominant worldwide?