Timeline
DeepSeek is in early talks for a new funding round at a $71 billion pre-money valuation.
Released DSpark speculative decoding framework
Tencent negotiating majority stake in Manus at $2B valuation
Began developing custom inference ASICs to cut GPU dependency
China's domestic AI chip budget share rises to 46%, driven by DeepSeek and Zhipu exploring custom silicon
Launched Hunyuan Hy3, a 295B MoE model with 21B active parameters, claiming 90% agent task resolution
Raised $7B in first major funding round, abandoning no-funding pledge
Plans to launch Harness AI coding agent team to compete with Claude Code
Open-sourced TencentDB Agent Memory, a long-term memory system for AI agents
Launched preview of flagship AI model HY3 with 295B parameters.
Ecosystem
DeepSeek
Tencent
Evidence (5 articles)
DeepSeek Raises $7.4B at $50B Valuation in First External Round
Jun 16, 2026DeepSeek, Zhipu AI Build Custom Inference Chips to Cut GPU Dependency
Jul 8, 2026DeepSeek V4 to Run on Huawei Ascend 950PR Chips, Sparking 20% Price Surge
Apr 3, 2026Tencent Hunyuan Hy3: 295B MoE Hits 90% Agent Task Resolution
Jul 6, 2026DeepSeek Hits $45B Valuation in First VC Round, Led by China State Fund
May 6, 2026