The Latest Breaking News from DeepSeek

Business Brief (June 30): China Pushes for Faster AI Breakthroughs

Global chipmakers reportedly plan July price hikes amid AI boom, while DeepSeek readies its new model rollout

Caixin Global · Jun 30

Nvidia's AI chip sales in China stall, as local chipmakers like Huawei take the lead

In the race between the U.S. and China to develop artificial intelligence, the battle over hardware and computing power is heating up as Chinese companies like Huawei overtake global industry leaders like Nvidia in their home market

The Independent UK · Jun 29

'Humanity now stands on the eve of AGI': DeepSeek wants to "at least double the size of every department" as company pursues hiring spree in pursuit of AGI

DeepSeek is hiring engineers, product managers and more as it targets the next era of AI – artificial general intelligence.

TechRadar · Jun 26

US holds off blacklisting China's DeepSeek, more than 100 firms deemed security risks, sources say

DeepSeek, CXMT and other companies were approved by an interagency committee last year for addition to the Commerce Department's Entity List, which is being ​reported for the first time. Reuters is also exclusively reporting the large number of companies awaiting publication on the list.

The Economic Times · Jun 17

U.S. held back blacklisting DeepSeek, over 100 Chinese firms despite security concerns, sources say

America has delayed adding over 100 Chinese firms, including AI startup DeepSeek and chipmaker CXMT, to a trade blacklist. These companies were flagged for national security risks. The US aims to prevent further escalation of tensions with Beijing.

The Economic Times · Jun 17

Anthropic’s Fable fiasco leaves the door open for open-source AI, particularly cheaper models from China

“Frontier intelligence should not … be subject to withdrawal by a handful of rules at any moment,” Z.ai, a Chinese AI developer, wrote on social media.

Fortune · Jun 16

Hari Menon exits BigBasket; Sarvam cofounder on fresh funding

BigBasket's longtime leader Hari Menon has stepped down as CEO. This and more in today's ETtech Top 5.

The Economic Times · Jun 16

The great AI Irony: China cracks down on Western models while US companies flock to DeepSeek

China is taking a hard-hitting approach to foreign AI and chipmakers, even as Western nations continue to embrace DeepSeek as a cheaper alternative

TechRadar · Jun 11

After spat with Chinese gov't, Meta cuts AI Manus off from its internal systems and is 'sunsetting' platform, report claims — Beijing-ordered breakup of $2 billion AI deal begins

Meta has finished separating its operations from Manus, the Chinese-founded agentic AI startup it acquired for roughly $2 billion in December.

Tom’s Hardware · Jun 11

DeepSeek close to sealing $7 billion funding in historic AI deal

Chinese AI startup DeepSeek is nearing a massive $7.4 billion funding round, with tech giants Tencent and CATL leading the investment. DeepSeek’s fundraising would mark a new level of ambition from China’s AI leaders as they seek to compete with their American counterparts in the field.

The Economic Times · Jun 8