DeepSeek nears $45 billion valuation as China’s ‘Big Fund’ leads investment talks, FT reports

May 6 (Reuters) – 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, the Financial ⁠Times reported on Wednesday, citing ⁠four ‌people ⁠with knowledge ​of ‌the discussions.

(Reporting ​by ⁠Akanksha Khushi in Bengaluru; Editing by Sonia ​Cheema)