DeepSeek in talks to raise funds at $10 billion valuation

Chinese AI startup DeepSeek is negotiating with investors to raise at least $300 million at a $10 billion valuation as it prepares for the launch of its V4 model. Reported in Tier 1 Indian sources on April 17. It matters because it underscores continued capital inflow into Chinese frontier AI amid US export restrictions and domestic compute self-reliance efforts.