MoneyThe story, in brief
Deepseek nears $45 billion valuation as China's state chip fund leads round
$45B. That's DeepSeek's rumored valuation as China's state chip fund leads the round.
The KeyNews take
Why it matters
DeepSeek's ascent to $45B valuation signals China's strategic push in frontier AI and raises questions about geopolitical AI competition and state-backed consolidation in the Chinese AI ecosystem.
The key facts
4 to knowDeepSeek valuation: ~$45 billion
Lead investor: China's state chip fund
Source: Financial Times reporting
Published: May 6, 2026
Go to the source
The Decoderthe-decoder.com
Publisher excerpt: Deepseek is close to a funding round that could value the Chinese AI lab at roughly $45 billion, according to the Financial Times.