DeepSeek closes $7bn-plus round with an unusual structure (opens in new tab)

DeepSeek, the Chinese AI lab that unsettled the industry with a cheap, capable model last year, has closed its first round of outside funding, raising roughly 50 billion yuan, about $7bn, in a deal whose structure is as notable as its size. The valuation lands between $52bn and $59bn, according to Reuters. The unusual part […] at The Next Web