DeepSeek suspends fundraising after founder's alleged US-China AI comments go viral

DeepSeek, an AI company, has suspended its fundraising efforts following the viral spread of alleged comments by its founder, Liang Wenfeng, regarding US-China AI competition. According to sources, the firm may resume the deal process at a later date. The controversy stems from Wenfeng's remarks about China's reliance on Nvidia chips for AI development and the country's persistent lag in AI sophistication compared to the US. The article, published by The Business Times on July 26, 2026, highlights the impact of geopolitical tensions on corporate fundraising in the AI sector.

First published Aug 4, 02:57 PM UTCUpdated Jul 26, 05:14 AM UTC1 reports · 1 sources

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Last updated: Jul 26, 05:14 AM UTCEditorial record as of Aug 4, 02:57 PM UTC

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DeepSeek suspends fundraising after founder's alleged US-China AI comments go viral

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DeepSeek suspends fundraising after founder's alleged US-China AI comments go viralThe Business TimesRegionalJul 26, 05:14 AM UTC

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DeepSeek Nvidia China United States