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TechFlow News, May 6: According to a Reuters report citing the Financial Times, China’s largest state-backed semiconductor investment fund—the China Integrated Circuit Industry Investment Fund (“Big Fund”)—is in negotiations to lead DeepSeek’s Series A funding round. This financing round could value the cutting-edge AI lab at approximately $45 billion. The report, citing four sources familiar with the matter, states that negotiations are ongoing.
According to a Reuters report citing the Financial Times, China’s largest state-backed semiconductor investment fund—the China Integrated Circuit Industry Investment Fund (“Big Fund”)—is negotiating to lead DeepSeek’s Series A financing round, which could value the cutting-edge AI lab at approximately $45 billion. Citing four people familiar with the matter, the report states that negotiations are still ongoing.
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