The Information : Sources: DeepSeek doubled its latest round's size due to surging black market Nvidia Blackwell chip prices, with Chinese state-owned investors representing 27% — Chinese AI star DeepSeek's nearly $16 billion funding round this month involved not only a deluge of capital but a who's …
Sources: DeepSeek doubled its latest round's size due to surging black market Nvidia Blackwell chip prices, with Chinese state-owned investors representing 27% (The Information)
In short
Chinese artificial intelligence firm DeepSeek enlarged its latest fundraising round this month, bringing the total sum to nearly $16 billion. Sources noted the expansion was directly triggered by rising black market costs for Nvidia Blackwell processors. State-owned investors from China supplied 27% of the total financing to help offset these mounting expenses. A prominent group of backers joined the expanded transaction to sustain the company's hardware needs.
Key points
- Surging black market hardware prices are driving massive capital requirements for Chinese…: Surging black market hardware prices are driving massive capital requirements for Chinese developers.
- State-backed entities represent a substantial financial pillar in DeepSeek's latest round.: State-backed entities represent a substantial financial pillar in DeepSeek's latest round.
- Prominent backers are mobilizing billions to secure scarce computing assets for Chinese f…: Prominent backers are mobilizing billions to secure scarce computing assets for Chinese firms.