TECHNOLOGYFORTUNE
DeepSeek said to tell backers of funding pause after viral posts
DeepSeek has paused its second fundraising round following viral comments from founder Liang Wenfeng about the US-Chinese AI competition. The suspension is partly due to frustration over online reports about his prior remarks, and the company may resume fundraising later. DeepSeek aims to raise at least 10 billion yuan for expansion and has begun preparations for an IPO.
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