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# DeepSeek pauses fundraising after founder's leaked comments go viral

**[The Next Web](https://daily.dev/sources/tnw)** · 3 min read · 0 upvotes · 0 comments

## Summary

DeepSeek has suspended its second fundraising round after founder Liang Wenfeng's private comments about China's AI gap with the US and heavy reliance on Nvidia chips were leaked and went viral on Chinese social media. The round had targeted a pre-money valuation of ~$71 billion. DeepSeek previously closed a $7 billion first round in June at a $50–52 billion valuation, with investors including Tencent and CATL. Despite the pause, the company may pursue an IPO as soon as this year. DeepSeek continues to prioritize open-source development and aggressive pricing, though this strategy raises questions about sustaining a $71 billion valuation.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://thenextweb.com/news/deepseek-funding-pause-viral-posts-liang-wenfeng>

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Tags: [#ai](https://daily.dev/tags/ai), [#open-source](https://daily.dev/tags/open-source), [#venture-capital](https://daily.dev/tags/venture-capital), [#nvidia](https://daily.dev/tags/nvidia), [#deepseek](https://daily.dev/tags/deepseek)

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