4 ms·
Who is financing DeepSeek and what are they expecting in return?
by baxtr 4mo ago
Who is financing DeepSeek and what are they expecting in return?
- archerx 4mo agoThey are self financed, the company that makes DeepSeek is a finance company that trades on the markets.
- rsanek 4mo agoThe CCP's approach has historically been to subsidize their companies far more than other countries do. Why would LLMs be any different? https://www.oecd.org/en/data/dashboards/magic-database-industrial-subsidies.html https://www.oecd.org/en/data/dashboards/magic-database-indus...
- declan_roberts 4mo agoAccess to everything every American company feeds into the AI is well worth it to the CCP.
- u8080 4mo agoAccording to EU statistics, yeah
- dgellow 4mo agoOECD isn’t the EU. And regarding the dataset: > Unlike most OECD databases, which rely on government data provided at country-level, the OECD MAGIC database uses firm-level data. The subsidy estimates included in the database are based on raw data obtained from firms’ annual reports, financial statements, bond prospectuses, IPO prospectuses, etc. The data are collected and verified manually by the OECD to maximise accuracy, consistency, and comparability. In some cases, additional information is also obtained from government databases, either to verify the firm-level information or to complement it. Care is taken to avoid double-counting where the data mix corporate and government sources.
- nixon_why69 4mo agoDoes that figure hold up when we look at Silicon Valley financing? Uber alone was subsidized to the tune of billions. Let alone the recent batch where we're into hundreds of billions.
- eagleal 3mo agoEven the latest World Bank report, the defacto neoliberal institution, recognized a couple of months ago that leaving the industries focus be dictaed by purely capital decisions was bad, as in _really_ bad.
- baxtr 4mo agoEven if they were fully self-financed, which isn’t the case, they would expect something in return.
- archerx 4mo agoNot everyone has the American “fuck you got mine” zero sum game attitude. Also they’re making some of the American and European AI companies look bad which they can leverage with their trades if they wanted to.
- nickthegreek 4mo agoYou can give them money by using their api. Just because their model is open, doesn’t mean they are a non profit.
- panny 4mo agoShort AI companies ??? Profit! Not suggesting this is it, but you know, one possible angle.
- bushido 4mo agoIMHO to promote that China believes in free markets and making the technology available to all. Which will likely help them bolster the sales of the MANY new AI chips in development/use in China to international markets. Dislodging Nvidia. Kinda the opposite of what Jensen Huang (Nvidia) thinks US is doing: https://www.youtube.com/shorts/u3SY8nvjhQA https://www.youtube.com/shorts/u3SY8nvjhQA Edit: I'm a fan of deepseek and believe it's good to make the technology open/available. And do think that also help business - which I support as well. Edit 2: No idea why I'm getting downvoted. That's also their official stance https://english.www.gov.cn/news/202601/08/content_WS695f1b55c6d00ca5f9a087b9.html https://english.www.gov.cn/news/202601/08/content_WS695f1b55...
- nmfisher 4mo agoUntil recently, DeepSeek were self-financed (it was a spin-out from a hedge fund). They just raised ~50million RMB (US$7bn), and according to media [0] (which admittedly can be unreliable), the lead investors were: 1) The CEO himself 2) Tencent 3) CALT (the battery company) 4) NetEase (internet/media company) 5) JD.com (ecommerce) 6) Chinese investment firms What are they expecting in return? I'd say the same thing that all those investors in OpenAI and Anthropic are expecting - profit. [0] https://finance.sina.com.cn/stock/vcpe/2026-06-11/doc-iniazihs2324474.shtml https://finance.sina.com.cn/stock/vcpe/2026-06-11/doc-iniazi...
- baxtr 3mo agoIf they’re expecting profits like the VC backed US companies how come they behave so differently?
- nmfisher 3mo agoThe investment round only closed in the last few weeks, it would have had zero influence on anything up to & including DeepSeek V4. Whether that now changes, who knows. It appears the CEO will remain the largest investor/shareholder, though, so I'm hoping not much changes.
- disgruntledphd2 3mo agoMy understanding of Deepseeks raise is that it's basically do that they can give equity grants, as they were losing lots of people to competitors.
- gniv 4mo agoI don't think this question would get to the reason. There could be one or two persons in charge who simply shape the culture of the company, including how much to publish.