Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

EXPLAINED: Liang wenfeng | Rare Historical Photos

China's DeepSeek to raise fresh capital at $74 billion valuation ahead of onshore IPO

The plan comes just weeks after the Hangzhou-based company, which drew global attention with its low-cost AI models in 2025, raised about $7.4 billion in June at a post-money valuation of about 450 billion yuan, the people said. Filings by two Chinese investors later suggested DeepSeek was valued at 350.88…

The Economic Times

China's DeepSeek to raise fresh capital at $74 billion valuation ahead of onshore IPO

The plan comes just weeks after the Hangzhou-based company, which drew global attention with its low-cost AI models in 2025, raised about $7.4 billion in June a post-money valuation of about 450 billion yuan, the ‌people said.

The Economic Times

Meet DeepSeek's Liang Wenfeng, the Chinese entrepreneur who is now world's richest AI founder, surpassing Anthropic's Dario Amodei

DeepSeek founder Liang Wenfeng's net worth has significantly increased after a recent funding round. He is now the world's wealthiest creator of artificial intelligence models. This surge in valuation makes him a prominent figure in China's tech landscape. His company's success is attributed to early investments in computing power. Liang's…

The Economic Times

From analysis to the latest developments in health,
read the most diverse news in one place.

DeepSeek’s Liang Wenfeng tops Dario Amodei and Greg Brockman as richest AI founder

Liang is now worth $36 billion, up from about $16.7 billion previously, according to the Bloomberg Billionaires Index. That ranks him well above Anthropic PBC co-founder Dario Amodei and OpenAI’s Greg Brockman.

The Economic Times

DeepSeek close to sealing $7 billion funding in historic AI deal

Chinese AI startup DeepSeek is nearing a massive $7.4 billion funding round, with tech giants Tencent and CATL leading the investment. DeepSeek’s fundraising would mark a new level of ambition from China’s AI leaders as they seek to compete with their American counterparts in the field.

The Economic Times

DeepSeek slated to draw $7 billion in maiden fundraising, sources say

The fundraising could value the company after the investment at between 350 billion yuan and 400 ‌billion yuan, ⁠or between $52 billion ⁠and $59 billion.

The Economic Times

CEO of $1.25 billion AI company says he hires Gen Z because they’re ‘less biased’ than older generations—too much knowledge is actually bad, he warns

The founder and CEO of $1.25 billion AI identity verification platform Incode, Ricardo Amper, says Gen Z’s naivety is actually a powerful resource.

Fortune

Read news from The Economist, FT, and more,
with one subscription

'China's Nvidia' Moore Threads Shares Surge Over 500% In Blockbuster Shanghai IPO

Shares of chipmaker Moore Threads Technology, dubbed China’s Nvidia (NASDAQ:NVDA), rose as much as 502% as it debuted in Shanghai on Friday.

Benzinga

The Europeans who made Time magazine’s most influential people in AI

Sam Altman and the big AI companies made the list, but there were also some surprising names.

Euronews

10 Major AI Companies You Should Know

These 10 companies are at the cutting edge of the AI revolution. Here's how they're driving innovation and leading the biggest buildout in human history.

Kiplinger

How DeepSeek erased Silicon Valley's AI lead and wiped $1 trillion from U.S. markets

Wall Street and Silicon Valley crowed that China would always be years behind the U.S. Here's why they were wrong.

Fortune

Deepseek 'clearly not interested' in scaling up — 160-person team focused on developing new models

Deepseek is focused on keeping its team lean and propelling development towards new models, with the goal of reaching AGI, instead of scaling up its commercial product offerings.

Tom’s Hardware

China's six-year-olds are already being offered AI classes in school in a bid to train the next generation of DeepSeek founders

Other countries like Estonia, England, Canada, South Korea, and America are training students on how to use AI too.

Fortune

Tightly choreographed Two Sessions opens in Beijing as the world order roils

With Trump’s tariffs and DeepSeek’s AI tech in the news, China waits to see how the Communist party plans to revitalise a stagnating economy

The Guardian - UK

Get all your
news in one place.

100's of premium titles.
One news app.

International Business Times

France Pitches AI Summit As 'Wake-up Call' For Europe

France hosts top tech players next week at an artificial intelligence summit meant as a "wake-up call" for Europe as it struggles with AI challenges from the United States and China.

Kiplinger

The DeepSeek Crash: What It Means for AI Investors

DeepSeek's R1 model represents both risk and opportunity. Here's what DeepSeek means for AI investors.

The Guardian - UK

Was this the week DeepSeek started the slow unwinding of the AI bet?

The cheap Chinese chatbot has stunned tech giants – and opened up the possibility that other countries, not just China, could now afford to enter the AI race

Fortune

DeepSeek’s overnight success is powered by Gen Z new hires

Liang Wenfeng hires young people and bookworms for his engineering team. He says: "Experience is not that important."

Get all your
news in one place.

100's of premium titles.
One news app.

The Independent UK

Chinese state media blames US for cyberattack that disrupted DeepSeek

Malicious attacks attempted to crack user credentials

Fortune

How DeepSeek’s millennial cofounder became one of tech’s hottest players

The man behind DeepSeek, Liang Wenfeng, remains largely a mystery.

The Independent UK

Alibaba launches its own AI – and claims it is more powerful than DeepSeek

Alibaba, the Chinese tech company, has launched its own AI that it claims is more powerful than the DeepSeek model that sent shockwaves around the world.

Al Jazeera

China’s DeepSeek faces questions over claims after shaking up global tech

Elon Musk and Palmer Luckey among tech leaders to cast doubts on Chinese startup’s claimed budget and chip use.

The Conversation

DeepSeek’s success challenges assumptions about Chinese tech companies – and the US-China competition

The release of the new DeepSeek-R1 artificial intelligence (AI) model has shocked the tech world.

Evening Standard

Is DeepSeek really AI's 'Sputnik moment'? The hazy backstory to ChatGPT's Chinese rival

A Chinese AI company has shaken up Wall Street and Silicon Valley, but is it really the disruptor people think?

The Guardian - UK

Who is behind DeepSeek and how did it achieve its AI ‘Sputnik moment’?

Liang Wenfeng, who founded the firm just two years ago, says his aim is ‘not to lose money, nor to make huge profits’

1 2

People

From analysis to the latest developments in health,
read the most diverse news in one place.

Organisations