DeepSeek targets $20bn valuation to stop poaching of staff
Chinese AI start-up is raising funds for first time to keep researchers after several defections to rivals
Chinese AI start-up is raising funds for first time to keep researchers after several defections to rivals

Value soars in ongoing fundraising discussions as investors including Tencent seek slice of AI lab

Chinese AI group has worked with Huawei to cut reliance on Nvidia chips

DeepSeek AI breakthrough spurs biggest overseas inflows in four years

Difficulties of training the start-up’s latest system with Huawei’s semiconductors highlight dependence on Nvidia

Interest in AI and defence tech start-ups has boosted investor activity after a prolonged slowdown

Reflection AI’s new funding talks come as Trump administration seeks US rivals to China’s DeepSeek