AI startup DeepSeek poised to reach $74 billion valuation

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The Hangzhou-based company is seeking to raise funding to bankroll research and development, and its expansion into computing infrastructure.

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DeepSeek is set to soon secure new funding that would value the Chinese artificial-intelligence startup at $74 billion, building its war chest as it targets an initial public offering next year.

The Hangzhou-based company is seeking to raise $7.4 billion to bankroll research and development, and its expansion into computing infrastructure, according to people familiar with the matter.

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