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DeepSeek is pushing forward with $10.29 billion financing round, with Liang Wenfeng committing to continue developing open-source AI models rather than pursuing short-term commercialization goals

Reddit r/LocalLLaMAΒ·May 22, 2026

DeepSeek is reportedly advancing with a significant $10.29 billion financing round. Its founder, Liang Wenfeng, has affirmed the company's commitment to developing open-source AI models and achieving AGI, prioritizing long-term goals over immediate commercialization.

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