DeepSeek Reportedly Raising $7B at $70B Valuation, Betting on Huawei Chips
APPSO · wechat · 2026-09-22
APPSO's daily tech roundup highlights The Information's report that DeepSeek is finalizing a ¥50B ($7B) round at a ¥500B valuation, with Liang Wenfeng calling training on Huawei chips a top priority and planning a 2T-parameter model plus ¥30B compute expansion. Foxconn sources say iPhone Duo early production yield is only 60%, with 6-12 months needed for stability.
Model/product news: Zhipu's ZCode open-sourced under Apache 2.0 with security remediation results; Xiaomi open-sourced MiMo-V2.6 with 1M context and upgraded agents; Grok 4.7 launched targeting long tasks at $2/M tokens; Kimi K3 joined Amazon Bedrock with 1M-token context and prompt caching; OpenAI formed an independent 9-mathematician advisory group at IAS after its new model solved 100+ open math problems.
Also covered: RoboHarm benchmark shows frontier models rarely refuse dangerous robot commands; China proposes mandatory minor mode for under-16s across social, gaming and AI services; IDC reports quadruped robot shipments up 92.5% in H1; Alipay merges three business units under Wu Minzhi.
More from Venture
- AI 2027 vs reality: Anthropic hits $2T valuation, $65B annualized revenue by mid-2026 — burny_tech · 2026-09-22
- SpaceX, Anthropic, OpenAI Now Worth More Than 45 Years of US Tech IPOs Combined — avlok · 2026-09-22
- Indie Maker With 22K Users and $1M+ Revenue Shares His First-100-Customers Playbook — kylegawley · 2026-09-22
- MigrateFun nears 100 migrations and $1M revenue within 18 months — adamamcbride · 2026-09-22
- When AI agents browse for you, targeted display ads lose their audience — petergyang · 2026-09-22
- Meta Muse rally: stock up 11% as Morgan Stanley pegs $1B revenue per 100M users — firstadopter · 2026-09-22