# DeepSeek reportedly doubled funding round as Blackwell chip costs surged

_Published Friday, October 30, 2026 at 1:05 AM EDT · AI, Capital · Latest · Tier 2 — Notable_

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.

## Sources

- [Techmeme](https://www.techmeme.com/261029/p71#a261029p71)

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Canonical: https://techandbusiness.org/newswire/Xz0QofQm3CUcm63idQRTb5
Published: 2026-10-30T05:05:57.748Z
Story chronology: 2026-10-30T03:35:00.000Z
Retrieved: 2026-10-30T07:18:20.732Z
Publisher: Tech & Business (techandbusiness.org)