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DeepSeek raises $10.29B, commits to open-source models over short-term commercialization
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DeepSeekOpen-source LLM developer — known for its `DeepSeek-Coder` model
DeepSeek has secured a massive $10.29 billion funding round, prioritizing open-source AI development. This signals their emergence as a major, stable player in the open-source camp, joining Meta and Mistral as a key alternative.
- The founder's commitment is to continue developing open-source models rather than pursuing immediate commercial goals, ensuring a stable supply of high-quality free models.
- The $10.29B financing round provides the capital to compete with major players like
OpenAIandAnthropicin the race toward AGI. - Alongside
Meta'sLlamaandMistral AI,DeepSeekis poised to become a pillar of the open-source ecosystem, offering more alternatives to closed-source APIs.
Source: www.reddit.com/r/LocalLLaMA/comments/1tkfvvj/deepseek_isRead original →