Updated
Updated · Bloomberg · May 22
DeepSeek Seeks $10 Billion as Liang Wenfeng Pledges Open-Source AGI Push
Updated
Updated · Bloomberg · May 22

DeepSeek Seeks $10 Billion as Liang Wenfeng Pledges Open-Source AGI Push

1 articles · Updated · Bloomberg · May 22
  • 70 billion yuan ($10 billion) into its funding round, DeepSeek is telling prospective investors it will prioritize breakthrough AI research over near-term commercialization, according to people familiar with the talks.
  • Liang Wenfeng said in at least one investor meeting that DeepSeek will keep developing open-source AI models while pursuing artificial general intelligence, framing the company’s mission as pushing technological boundaries rather than monetization.
  • That pitch signals DeepSeek is asking investors to back a longer-horizon strategy, with AGI research and open-source model development at the center of its growth plan.
What is DeepSeek's real strategy behind its $10B AGI goal, given conflicting monetization reports?
As Chinese AI models dominate globally, can enterprises ignore the significant security risks they pose?