DeepSeek reportedly raising nearly $12B, upending the China AI cost narrative
TansuYegen · x · 2026-10-06
Tansu Yegen argues DeepSeek raising nearly $12 billion would change how people view the China AI race. The original story was that Chinese labs could compete with far less capital; now one may raise Silicon Valley-scale funding too. If Chinese models keep their cost advantage while gaining access to this level of funding, US frontier labs face a much more uncomfortable competitor.
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