DeepSeek in Final Stages of $10 Billion Funding Round Focused on AGI and Open Source

ME AI News, according to monitoring by Beating, DeepSeek is currently in the final stages of negotiations for a massive funding round of RMB 70 billion (approximately USD 1 billion). According to insiders, DeepSeek’s executive team has clearly committed during multiple investor roadshows that the company’s core strategic goal is to achieve Artificial General Intelligence (AGI), with full focus on cutting-edge AI research and development and building an open-source ecosystem, rather than short-term commercialization or profit pressures. Several parties close to the transaction indicate that leading tech giants and top investment firms—including Tencent Holdings, IDG Capital, and Monolith Capital—are nearing final agreements to participate in this round. China’s National Integrated Circuit Industry Investment Fund is also in negotiations to invest approximately RMB 10 billion. Additionally, as DeepSeek’s parent company and sole early funding source, High-Flyer Quantitative and its founder, Liang Wenheng, plan to invest substantial personal capital to co-invest deeply, further demonstrating their long-term commitment to computational resources and model development. This infusion of billion-dollar external capital marks DeepSeek’s most significant strategic shift since its founding. Previously, founder Liang Wenheng had long adhered to a closed-door R&D approach, rejecting external funding and relying entirely on High-Flyer’s hedge fund returns to cover DeepSeek’s high costs, ensuring research independence and avoiding short-term commercial pressures. However, as global large-model competition escalates exponentially in terms of infrastructure, massive computing clusters, and elite scientific talent, DeepSeek has chosen to break free from its closed-door model, seeking to leverage substantial industrial capital to directly accelerate its pursuit of the ultimate AGI goal. (Source: BlockBeats)