Up until two months ago, DeepSeek, the three-year-old Chinese AI lab, was an anomaly in the increasingly costly global AI battle. It had relied entirely on CEO Liang Wenfeng’s personal wealth and never raised outside money. That changed in the middle of this month, when DeepSeek completed a $7.4 ...

DeepSeek plans to double its 170-person team after raising $7.4 billion in its first external funding round, valued at over $50 billion.

Up until two months ago, DeepSeek, the three-year-old Chinese AI lab, was an anomaly in the increasingly costly global AI battle. It had relied entirely on CEO Liang Wenfeng’s…