Tencent, Alibaba may invest in DeepSeek AI startup

Chinese tech giants Tencent Holdings and Alibaba Group are in discussions to invest in artificial intelligence startup DeepSeek, which is seeking funding at a valuation exceeding $20 billion. DeepSeek is owned by Chinese hedge fund High-Flyer Capital Management. This potential investment highlights the significant interest from major technology players in the burgeoning AI sector and DeepSeek's perceived value in the market.