Chip Sources

• Chinese AI company DeepSeek is reportedly developing its own proprietary AI chips to reduce reliance on external hardware. • This move represents a major strategic shift for the firm, which is currently regarded as China's leading AI champion. • The development is critical as China faces ongoing U.S. export restrictions on high-end semiconductors, such as those from Nvidia.

• Chinese AI firm DeepSeek is reportedly developing its own proprietary AI chips to reduce reliance on external hardware. • This move coincides with a shift in financial strategy, as the company is seeking its first outside capital through a funding round. • According to Reuters, DeepSeek aims to raise $7 billion, which would value the company between $52 billion and $59 billion.

• Chinese AI startup DeepSeek is reportedly developing its own proprietary AI chips, evidenced by a recent surge in the hiring of chip-design engineers. • The company is shifting its financial strategy by seeking a maiden funding round of US$7 billion, which could value the firm between US$52 billion and US$59 billion. • This move marks a significant departure from DeepSeek's yearslong policy of rejecting external investment to maintain independence.

• Chinese AI firm DeepSeek is reportedly developing its own proprietary AI chips to reduce reliance on external hardware. • This move follows the company's global success with two highly efficient AI models that gained significant attention in Silicon Valley and Washington. • To fund this expansion, DeepSeek is shifting its strategy to accept external capital, with a maiden funding round aiming to raise $7 billion.

• Meituan released LongCat-2.0, a massive 1.6-trillion-parameter AI model, for free commercial use on Monday. • The model was developed using a computing cluster of 50,000 Chinese-made processors, with software optimizations designed to bypass hardware limitations. • This achievement is significant as it demonstrates China's ability to advance its AI ambitions despite ongoing U.S. export curbs on high-end chips.