Chinese artificial intelligence (AI) startup DeepSeek has paused a second fundraising round after founder Liang Wenfeng’s remarks at a conference circulated online, including a statement that the company could obtain some processors he described as “noncompliant.”
Liang made the remarks during a May 20 closed-door investor meeting on why DeepSeek was receiving fewer Huawei processors than China’s major internet companies. The transcript of the meeting was shared online and posted on GitHub on July 22.
“For us, we can buy some noncompliant cards,” he said.
He did not identify the chips, suppliers, purchasing route, or rules he was referring to.
DeepSeek has not publicly confirmed the transcript. Chinese state media National Business Daily reported that institutions involved in investing in the company confirmed that the meeting occurred and the transcript’s content was accurate….
DeepSeek Pauses Fundraising After Founder’s Remarks Leaked
