AI money keeps flowing as Deepseek plans record raise and Core Automation quadruples valuation in weeks
Deepseek plans a record $7.35B funding round for a Chinese AI company, with V4.1 launching in June. Core Automation, founded by ex-OpenAI researcher Jerry Tworek just six weeks ago, is already targeting a $4B valuation.
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Key points
- Deepseek plans $7.35B funding round, the largest for a Chinese AI company.
- Deepseek V4.1 is expected to launch in June.
- Core Automation targets $4B valuation just six weeks after founding.
- Core Automation was founded by ex-OpenAI researcher Jerry Tworek.
Why it matters
This matters because deepseek plans $7.35B funding round, the largest for a Chinese AI company.
Technical impact
May affect model selection, inference cost, product capability, and evaluation benchmarks.
Deepseek is planning a funding round of up to $7.35 billion, the largest ever for a Chinese AI company. Deepseek V4.1 is set to launch in June. Meanwhile, Core Automation, founded by ex-OpenAI researcher Jerry Tworek just six weeks ago, is already targeting a $4 billion valuation.
The article AI money keeps flowing as Deepseek plans record raise and Core Automation quadruples valuation in weeks appeared first on The Decoder.