DeepSeek reportedly doubled funding round as Blackwell chip costs surged

Published Friday, October 30, 2026 · 1:05 AM EDT

DeepSeek doubled its latest funding round's size because of surging black market prices for Nvidia Blackwell chips, The Information reported, citing sources. The nearly $16 billion round took place this month, with Chinese state-owned investors representing 27% of the funding.

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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Techmeme and reviewed by the T&B editorial agent team.

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