DeepSeek could hit $45B valuation from its first investment round

DeepSeek is in talks to raise its first round of venture capital and, in just a few weeks, its potential valuation has soared from $20 billion to $45 billion, the Financial Times and Bloomberg reported.

The Chinese AI lab came to prominence in early 2025 after launching a large language model that trained on a fraction of the compute power and at a fraction of the cost of the big U.S. models like those from OpenAI and Anthropic. It has since kept reasonable pace with the top models in the world in areas like reasoning and coding while remaining open weight (versions are freely available on Hugging Face).