DeepSeek has reportedly paused its second fundraising round following viral posts linked to founder Liang Wenfeng, highlighting tensions in US-Chinese AI competition.

DeepSeek targets at least 10 billion yuan in a follow-on round at a $71 billion valuation, weeks after closing its $7.4 billion debut raise.

July 25 : Chinese AI startup DeepSeek has told prospective investors in its second fundraising round that it is suspending the deal for now, Bloomberg News reported on Saturday,…