DeepSeek, a private artificial intelligence (AI) company backed by the quant firm High-Flyer, finds itself at the center of a whirlwind of speculation. Reports suggest that an unverified list of supposed investors in DeepSeek has caused an unexpected surge in the stock prices of certain Chinese companies. These rumors, however, remain unsupported by any concrete evidence.
The company, founded by Liang Wenfeng, who also serves as the CEO of High-Flyer, has not made any public announcements about venture capital (VC) investments. Furthermore, Chinese corporate records do not indicate any VC firms on DeepSeek's capitalization table. Notably, there is no public evidence confirming Huajin Capital and Zhejiang Orient as investors in DeepSeek. Both firms have denied any involvement in funding DeepSeek.
Additionally, Sublime China Information, which was rumored to have cooperated with DeepSeek's AI models, has publicly refuted these claims. The speculation appears to have originated from unsubstantiated lists circulating online, which have gone viral, linking public companies to DeepSeek. This frenzy has led to a remarkable rise in stock prices for some companies alleged to be connected to the AI firm.
Despite the excitement surrounding these rumors, it is important to note that DeepSeek has no plans to engage in any fundraising activities. The company has consistently refrained from confirming any external investments. When approached for comments by TechCrunch, DeepSeek chose not to respond.
One of the significant impacts of these rumors has been witnessed on Nvidia's stock, which experienced a notable drop of nearly 20%. This decline highlights the potential volatility and influence that unverified information can wield on the financial markets.
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