The AI Daily Brief · Monday, July 27, 2026
AI company DeepSeek has halted its fundraising plans after comments from CEO Ryan Wang, emphasizing open models and fundamental research over commercialization, were leaked. The company had planned to raise funds at a $70 billion valuation, a significant increase from its earlier $50 billion valuation this year.
“Comments attributed to DeepSeek CEO Ryan Wang, while viral, proclaiming the importance of open models and fundamental research over commercial monetization of AI.”
“DeepSeek has now informed potential investors that they won't move forward with this fundraising round, which could also derail plans to go public in the coming months.”
“DeepSeek had planned to raise money at a $70 billion valuation, a substantial markup from the $50 billion valuation that took place earlier this year.”