DeepSeek nears $45 billion valuation as China's 'big fund' leads investment talks, FT reports - The Economic Times

​China's ​biggest state-backed semiconductor ​investment vehicle, China Integrated ‌Circuit ⁠Industry Investment ⁠Fund, ​is in talks ​to lead the financing ​of ⁠DeepSeek's first ‌fundraising ​that ​could ⁠value the frontier AI ​lab at about $45 ​billion.