• DeepSeek is now embedded in a wide range of products and government services in the country.
  • Some officials have warned about overreliance on DeepSeek.
  • Beijing views AI development as a critical driver of economic growth and a strategic pillar in global tech competition.
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    11 hours ago

    The strangest twist to this is that Deepseek itself seems to be the only company not trying to cash in on the Deepseek frenzy:

    Liang [Deepseek’s founder] has shown little intention to capitalise on DeepSeek’s sudden fame to further commercialise its technology in the near term. The company is instead focusing the majority of its resources on model development…

    These people added the independently wealthy founder has also declined to entertain interest from China’s tech giants as well as venture and state-backed funds to invest in the group for the time being. Many have found it difficult to even arrange a meeting with the secluded founder.

    “We pulled top-level government connections and only got to sit down with someone from their finance department, who said ‘sorry we are not raising’,” said one investor at a multibillion-dollar Chinese tech fund.