genai / news / / The Hindu Business Line
Tencent Holdings Ltd. and Alibaba Group Holding Ltd. are in discussions to join a maiden round of financing for Chinese AI pioneer DeepSeek.
Tencent has proposed acquiring up to a 20% stake in DeepSeek, but DeepSeek resists ceding so much control.
KEY POINTS
- DeepSeek's benchmark valuation references MiniMax Group Inc., estimated at around $40 billion.
- DeepSeek released a breakthrough AI model in January 2025 with performance rivaling US competitors.
- DeepSeek differentiates itself by releasing low-cost, open source AI models unlike OpenAI and Anthropic.
- Alibaba reorganized its AI operations into a single unit and recently launched a model for 3D environments.
COMPANIES
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