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Chinese AI startup DeepSeek is discussing a funding round that would raise at least $300 million and value the company at $10 billion, according to a report by The Information, which cited two people familiar with the matter.

The company, whose low-cost AI models disrupted the industry and contributed to stock market turbulence last year, has previously turned down multiple funding offers from leading Chinese venture capital firms and technology giants, according to the report. The potential fundraising highlights the significant capital required to develop and operate advanced AI models, particularly as the sector shifts toward sophisticated reasoning systems and agentic applications.