TNB Tech Minute: DeepSeek Seeks $50 Billion Valuation in New Fundraising Round

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Imani Moise· Host0:28

Here's your morning TNB Tech Minute for Wednesday, May sixth. I'm Imani Moise for The Wall Street Journal. DeepSeek is raising money from investors backed by the Chinese government, aligning the AI startup with Beijing's push for technological self-sufficiency. People familiar with the matter say prospective investors have valued the company at around fifty billion dollars in recent talks. In previous discussions, DeepSeek's valuation was between ten and thirty billion dollars. The AI lab has become a key component of China's plan to have top-class homegrown tech companies. Beijing views this plan as a way to hedge against U.S. export controls and take leadership in bringing AI to the world. NVIDIA is investing five hundred million dollars in glass maker Corning to expand fiber optics manufacturing for AI infrastructure. Through the partnership, Corning will boost its U.S.-based optical connectivity manufacturing capacity by ten times and expand its fiber production capacity by more than fifty percent. As part of the deal,