PYMNTS.com February 19, 2025
Chinese artificial intelligence (AI) startup DeepSeek is reportedly considering raising outside funding for the first time, weeks after its AI chatbot app made headlines around the world.
The company was formed two years ago as a subsidiary of Chinese quantitative hedge fund High-Flyer Capital Management and has not raised outside money, The Information reported Wednesday (Feb. 19).
DeepSeek has sought to avoid pressure from investors to accelerate commercialization of its products and has been concerned that raising money from major Chinese investors could limit potential business opportunities in the U.S., according to the report.
However, the company has been prompted to consider outside funding as the surge in use of its AI chatbot created a need for more AI chips...
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