What Happened
Chinese Company Seeks External Investment For First Time
China’s DeepSeek has launched a new artificial intelligence model, V4, after months of silence from the closely watched AI lab. The update comes as the company faces rising competition from US rivals and seeks its first round of external fundraising, which could impact the startup’s valuation. The move is seen as a significant development in the intensifying US-China AI competition, as reported by The Wall Street Journal.