Chinese artificial intelligence startup DeepSeek has been valued at more than $50 billion in the company's first fundraising round, several media reports said.
The firm released its latest AI model in April, having stunned the world in 2025 with a low-cost chatbot that matched the power of U.S. rivals.
It recently raised more than 50 billion yuan ($7.4 billion), the Wall Street Journal (WSJ) and The Information said this week, citing people with knowledge of the matter.
That values the company at more than $50 billion, they said.
Training and running cutting-edge AI models is an expensive business, requiring billions of dollars in computing infrastructure.
