Technology · 26 July 2026

DeepSeek pauses new funding round after founder's viral comments

Usertoop via Wikimedia Commons (Creative Commons CC0 License)

Chinese AI company DeepSeek has told potential investors it is suspending its second fundraising deal for now. The suspension follows the online virality of remarks ascribed to founder Liang Wenfeng concerning US-Chinese AI rivalry. Liang was reportedly frustrated by online reports about his earlier comments to investors, which concerned China's reliance on Nvidia chips.

By BriefTea Editorial · 26 July 2026 at 11:34

Reported by fortune.com · How we write briefs

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