Tencent & Alibaba Race for DeepSeek Stake in AI Boom

Tencent and Alibaba are vying for a stake in DeepSeek, Chinas AI startup, with Tencent aiming for up to 20% and Alibaba showing interest. DeepSeek, known for its affordable, open-source models, has gained attention with its agentic AI capabilities. Both Tencent and Alibaba are investing in AI startups and expanding their cloud services. DeepSeeks valuation is estimated at around $40 billion, with a potential raise of over $300 million. Tencent plans to double its AI spending this year, while Alibaba has launched a 3D model for worlds and videos. The AI scene in China is heating up, with these tech giants investing in startups and pushing their cloud services. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/00fbcd466943f28b