Tencent, Alibaba eye investment in AI startup DeepSeek

Chinese tech giants Tencent Holdings and Alibaba Group are reportedly in discussions to invest in artificial intelligence startup DeepSeek. The AI firm is seeking funding at a valuation exceeding $20 billion, indicating significant investor interest in its technology. This potential investment highlights the growing competition and strategic focus on AI development within China's major technology players. DeepSeek's valuation suggests substantial perceived value in its AI capabilities and future market potential.