Tencent and Alibaba in Talks to Invest in DeepSeek at Over $20 Billion Valuation
Chinese tech giants Tencent and Alibaba are in discussions to invest in AI startup DeepSeek, which is seeking funding at a valuation exceeding $20 billion. The report highlights the growing demand for capital in the AI sector, particularly for advanced reasoning and autonomous AI models. The news has already caused a 1.3% rise in Alibaba's U.S.-listed shares in premarket trading.
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Topics: Artificial Intelligence Corporate Investment Startup Funding Tech Industry