China's AI Sector Boasts Significant Investment
China’s AI sector is not short of cash. If anything, American pressure is pumping more in. DeepSeek exemplifies this trend. The Hangzhou lab secured a $7.4 billion round—the largest initial funding raise by a Chinese startup—at an evaluation exceeding $50 billion. It had operated for three years solely on founder Liang Wenfeng’s personal wealth and never...
(The story continues at The Next Web)