DeepSeek just completed a fund raising round for 100B RMB valued at 500B RMB, much higher than original plan of 50B.

This tells me the interest for DS is high + it has serious demand for compute. Remember unlike other Chinese labs, DS has a very popular app in China also. https://t.co/NsHSxjN46p — via @tphuang

DeepSeek raised 100B RMB at 500B valuation, doubling its 50B target.