DeepSeek halts its largest funding round after founder’s remarks leak
According to Bloomberg, China’s leading AI company, DeepSeek, suddenly paused its second massive funding round following the leak of comments from its founder, which went widely viral.
Main reason: During private meetings with investors, billionaire founder Liang Wenfeng revealed blunt and unsettling facts: China is still lagging the United States in the level of AI development, and DeepSeek continues to rely heavily on Nvidia chips despite U.S. export restrictions.
#USStorageStocksExtendLosses #EtherApproaches$2000 #CrudeBrieflyFallsBelow$90 #AIFearsSink10SP500StocksOver40% #CXMTStarMarketIPORaises57.9BYuan $TRUMP
$XAU
According to Bloomberg, China’s leading AI company, DeepSeek, suddenly paused its second massive funding round following the leak of comments from its founder, which went widely viral.
Main reason: During private meetings with investors, billionaire founder Liang Wenfeng revealed blunt and unsettling facts: China is still lagging the United States in the level of AI development, and DeepSeek continues to rely heavily on Nvidia chips despite U.S. export restrictions.
#USStorageStocksExtendLosses #EtherApproaches$2000 #CrudeBrieflyFallsBelow$90 #AIFearsSink10SP500StocksOver40% #CXMTStarMarketIPORaises57.9BYuan $TRUMP
$XAU