This story has rotated off the live feed but the permalink stays available for sharing and search.

news Scmp World 2026-05-08

Chinese AI Firm DeepSeek Nears $50 Billion Valuation in Funding Round

Chinese artificial intelligence company DeepSeek is reportedly close to securing its first external funding round, potentially reaching a $50 billion valuation. State-linked investors are backing the company.

Support Your Local Toad

The Pesky Toad is free and ad-light. If you find it useful, toss a few pesos in the tip jar to help keep the servers running and the satire flowing.

$

MXN · Minimum $10