EventBusinessJuly 23, 2026

DeepSeek pauses second funding round after founder's viral remarks

DeepSeek told prospective investors it is suspending its second fundraising round days after comments attributed to founder Liang Wenfeng about US-China AI competition went viral. A leaked investor meeting transcript shows the company prioritizes AGI research over consumer products and near-term revenue.

Featured · Liang Wenfeng

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