DeepSeek raises its targeted funding round to $10 billion from an earlier $7 billion goal as founder Liang Wenfeng says the company will keep AI models open-sourced while pursuing AGI without short-term commercialization
Investor interest remains strong despite longer path to revenue.
Now we're talking. $10B should be enough to keep up. I think they kind of keep hoping he'll defect and say "okay, THIS is my price, now we'll focus on products and revenue." But the reason DeepSeek is worth that much is that he won't.
Bloomberg: DeepSeek prioritizes AGI over commercialization in funding talks
They are pushing forward with $10.29 billion financing round, with Liang Wenfeng committing to continue developing open-source AI models rather than pursuing short-term commercialization goals
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bloomberg. com/news/articles/2026-05-22/deepseek-founder-declares-agi-goal-as-10-billion-round-advances
DeepSeek is moving ahead with a $10.29 billion financing round.
Good news: Liang Wenfeng, however, remains focused on building open-source AI models rather than chasing short-term commercialization.
Via Bloomberg
