Investors wanted
Chinese sovereign wealth fund interested in DeepSeek
According to a media report, the Chinese start-up DeepSeek, which specializes in artificial intelligence (AI), is looking for external investors for the first time since it was founded a few years ago. One interested party: the Chinese state.
The AI developer has attracted interest from online retailer Alibaba and Chinese sovereign wealth funds, wrote the news portal "The Information" on Wednesday, citing insiders. Alibaba was initially unavailable for comment.
Competitive at a fraction of the cost
The software company DeepSeek caused a worldwide sensation in January with the presentation of an AI. The software is considered to be on a par with Western competitors such as ChatGPT, although the development only cost a fraction of the usual amount and relatively little computing power is required for operation.
DeepSeek offers its AI as "open source", whose freely accessible program code can be modified by anyone. The management of the start-up and its parent company High-Flyer Capital are discussing a realignment of the company, wrote The Information. In future, the focus could be placed on marketing the company's own development work.
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