Investors have valued Chinese artificial intelligence startup DeepSeek at more than $50 billion in the company's first fundraising round, 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 and The Information said this week, citing people with knowledge of the matter.
That values the company at more than $50 billion, they said. DeepSeek did not respond to AFP's request for comment.
Training and running cutting-edge AI models is an expensive business, requiring billions of dollars in computing infrastructure.
