Chinese AI mogul, DeepSeek, recently grabbed global attention and considerably influenced U.S. technology stocks, leading to Nvidia’s near 20% plummet.
China perceives DeepSeek’s hype wave as an upshot for some publicly listed companies. Curiously, there’s no supportive evidence proving these companies’ collaboration or investment with DeepSeek.
Unverified assumptions of DeepSeek investors, Huajin Capital, and Zhejiang Orient saw a 10% rise in their shares. Similarly, Sublime China Information, presumably in alliance with DeepSeek for AI model development, witnessed a 20% increment – the highest permissible daily gain on Chinese stock exchanges. Yet, these claims are baseless. Neither Sublime China Information has established any cooperation with DeepSeek, nor has Huajin Capital authenticated their DeepSeek investment.
The source of the rumors appears to emerge from dubious Chinese lists surrounding DeepSeek-linked publicly listed companies, which got viral.
DeepSeek, being a private entity, hasn’t made any public announcements regarding venture capital (VC) investments. Moreover, its business records in China fail to show any VC firms on DeepSeek’s cap table. In fact, its founder Liang Wenfeng exclusively owns all three entities constituting DeepSeek.
On finance matters, the company, fundamentally sustained via the quant firm High-Flyer, indicates no forthcoming fundraising strategies, as confirmed by Wenfeng in a previous interview. He also elaborated on how venture capitalists prioritize commercialization over research-based investments.
DeepSeek hasn’t furnished any official communication concerning this speculation.
Original source: Read the full article on TechCrunch
