DeepCik valued at nearly $74 billion
Chinese artificial intelligence company DeepSeaek is preparing for a new funding round that could raise up to $7.4 billion, which would boost its valuation to around $74 billion. This follows a June fundraising of approximately $7.4 billion and other estimates valuing the company at $66.4 billion. The company is also planning to apply for a listing on the STAR Market in Shanghai before the end of the year, amid strong investor demand for one of China's leading AI firms. DeepSeaek is heavily investing in enhancing its technological capabilities, including developing its own chips and reducing reliance on external suppliers. Additionally, the participation of the Chinese government and major investors reflects Beijing's priority to support domestic AI companies in becoming global competitors and reducing dependence on foreign technology.
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