DeepSeek raises $7.4B at $50B valuation in first-ever external funding round (opens in new tab)

Covers DeepSeek v2.5 – open-source LLM comparable to GPT-4o, but 95% less expensive

DeepSeek has closed its first external funding round, raising more than 50 billion yuan, which is approximately $7.4 billion, at a valuation exceeding $50 billion.

Read the original article