Khaberni - The Chinese AI startup "DeepSike" is in discussions with investors to raise at least $300 million, with a market value of $10 billion, as reported by "The Information" on Friday, citing two sources familiar with the matter.
"DeepSike," which revolutionized the AI industry with its low-cost models and disrupted stock markets last year, had previously rejected multiple funding offers from major venture capital firms and technology giants in China.
This potential funding highlights the desperate need for capital to develop and operate advanced AI models, amidst the rise of advanced reasoning technologies and artificial intelligence agents, according to "Reuters".
As a Chinese startup, some American investors might hesitate to invest in "DeepSike," according to "The Information".
According to "Reuters" earlier this year, "DeepSike" has not disclosed its principal model to American chip manufacturers to enhance performance, and the Chinese company trained one of its latest models using Nvidia’s most advanced chips despite the imposed ban.
On the other hand, China is encouraging local companies to use domestic chips and reduce dependence on foreign technology.
