China’s state-backed Big Fund is in discussions to lead a funding round for AI startup DeepSeek.
The potential investment values the company at approximately $45 billion.
This figure represents a significant increase from the $20 billion valuation discussed in April 2026.
The move highlights Beijing’s strategic effort to bolster homegrown AI champions amid global competition.
Technology giants Tencent and Alibaba have also reportedly shown interest in the prominent AI lab.