China's biggest state-backed semiconductor investment vehicle, China Integrated Circuit Industry Investment Fund, is in talks to lead the financing of DeepSeek's first fundraising that could value the frontier AI lab at about $45 billion, the Financial Times reported on Wednesday, citing four people with knowledge of the discussions.
DeepSeek nears $45 billion valuation as China's 'big fund' leads investment talks, FT reports
Reuters | May 6, 2026 6:57 PM CST
Synopsis
China's biggest state-backed semiconductor investment vehicle, China Integrated Circuit Industry Investment Fund, is in talks to lead the financing of DeepSeek's first fundraising that could value the frontier AI lab at about $45 billion.
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