Sources: DeepSeek doubled its latest round's size due to surging black market Nvidia Blackwell chip prices, with Chinese state-owned investors representing 27% (The Information) — SkimNews
Get the Tech newsletter
Daily tech — startups, AI labs, chips, the launches that shape the next decade. Free.
- DeepSeek nearly doubled its latest funding round to almost $16 billion this month, with sources linking the increase to surging black-market Nvidia Blackwell chip prices.
- Chinese state-owned investors represented 27% of the capital in DeepSeek’s nearly $16 billion round.
Why it matters: At nearly $16 billion, DeepSeek’s enlarged round sharply expands its funding base, while the 27% state-owned share makes Chinese state-backed capital central to this month’s raise. The source explicitly ties the expansion to surging black-market prices for Nvidia Blackwell chips.
Ask SkimNews
