Technology Sector: DeepSeek nears $45bn valuation as China's 'Big Fund' leads investment talks
Value soars in ongoing fundraising discussions as investors including Tencent seek slice of AI lab
China's biggest state-backed semiconductor investment vehicle is in talks to lead the financing of DeepSeek's first fundraising that could value the AI group at about $45bn.
The China Integrated Circuit Industry Investment Fund, typically referred to as the "Big Fund", is seeking to lead the investment into DeepSeek, according to four people with knowledge of the discussions.