ZhiKe AI

Apr 20, 2026 · Industry Insights

Why Is DeepSeek Raising $300M Despite Its $10B Valuation?

DeepSeek announced its first external financing, targeting at least $300 million at a valuation exceeding $10 billion, and the article analyzes the exploding compute costs, talent poaching, fierce competition, upcoming V4 model, fund allocation, and broader implications for China's AI industry.