AI companies pursue funding, talent for AGI race (opens in new tab)

DeepSeek’s senior management has told potential investors in an ongoing 70 billion yuan ($10 billion) funding round that the Chinese AI startup will prioritize research aimed at artificial general intelligence over short-term commercialization, Bloomberg reported, citing people familiar with the matter. Under the pitch, backers would be financing long-term technical work rather than a near-term revenue push. Euronews reported that Big Tech and startups are competing for scarce AI researchers....