CHINA-AI

DeepSeek suspended its $74B valuation fundraising round after a leaked transcript of founder Liang Wenfeng's investor meeting laid bare the compute gap between Chinese and US AI labs - revealing he needed 200,000 Huawei 950 chips but received only 16,000.

A first-hand visit to DeepSeek HQ reveals something more interesting than benchmark scores: a 300-person company that treats AI as infrastructure, not eschatology - and what that means for API pricing everywhere.