Gate News message, April 22 — DeepSeek, the Chinese AI startup owned by hedge fund High-Flyer Capital Management, is now seeking a valuation above $20 billion as Tencent Holdings and Alibaba Group discuss potential investments. The Information reported Wednesday that the asking price has climbed rapidly from at least $10 billion just days earlier (Friday, April 18). The startup is still in talks with investors, and both the valuation and fundraising amount could change.
Nvidia CEO Jensen Huang said Wednesday on the Dwarkesh Podcast that it would be “a horrible outcome” for the United States if DeepSeek optimizes its AI models to run on Huawei chips instead of American hardware. Currently, U.S. chips are about five times more powerful than Chinese rivals, with the gap expected to widen to 17 times by 2027. Huawei’s Ascend 910C delivers approximately 60% of the inference performance of Nvidia’s H100, which is already two generations behind Nvidia’s current flagship. Huang noted that China possesses “abundant energy” and a “large pool of AI researchers,” presenting a potential catch-up path in AI development.
Meanwhile, AI funding continues to surge globally. Vast Data announced a $1 billion funding round at a $30 billion valuation on Wednesday, with Nvidia among the backers. The financing, led by Drive Capital and Access Industries, more than tripled Vast’s $9.1 billion valuation from 2023. According to Dealroom, AI companies worldwide have already raised $280.5 billion this year, with over $170 billion directed to OpenAI, Anthropic, and xAI.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
OpenClaw, Hermes, and SillyTavern Confirmed in GLM Coding Plan Support
Zhipu AI PM Li announces OpenClaw, Hermes, and SillyTavern as supported GLM Coding Plan projects; other tools will be evaluated case-by-case. Do not share credentials or use subscriptions as API access; contact support for error 1313.
Zhipu AI product manager Li announced that OpenClaw, Hermes, and SillyTavern are officially supported under the GLM Coding Plan, with other tools evaluated case-by-case. The note cautions against sharing credentials or using subscriptions as API access and directs users with error 1313 to contact support.
GateNews4h ago
Google Cloud CEO: Gemini to Power Apple's Personalized Siri Rollout in 2026
Summary: Gemini will power a personalized Apple Siri in 2026, built on Apple's Foundation Models and Gemini collaboration; Apple tests a chat-like Siri in iOS 27/macOS 27, slated for WWDC 2026.
Abstract: Google Cloud's Gemini is set to power a personalized Apple Siri by 2026, blending Gemini with Apple's Foundation Models under a roughly $1 billion collaboration. Apple is testing a redesigned, chat-like Siri in iOS 27/macOS 27, with a Dynamic Island interface and new features, ahead of a WWDC 2026 unveiling on June 8.
GateNews5h ago
SpaceX $60B Cursor Deal Fuels SBF's Pardon Push as FTX's $200K Stake Now Worth $3B
Gate News message, April 22 — SpaceX announced a major partnership with AI coding startup Cursor today, with an option to acquire the company for $60 billion. The deal has given fresh ammunition to Sam Bankman-Fried (SBF), who is currently incarcerated and pushing for a presidential pardon, as it de
GateNews5h ago
Chegg Stock Crashes 99% as AI Disrupts Edtech Market
Summary: Chegg soared during online-education demand, then AI tools disrupted its model, triggering massive layoffs and a collapse below $2, with broader AI-driven shifts hitting crypto miners and fintech firms.
Abstract: This article examines Chegg's rise as a pandemic-era edtech darling and its ensuing decline amid the rapid adoption of generative AI, which provides quick answers and undercuts Chegg's value proposition. It documents 2025 layoffs and the stock's plunge toward delisting, and frames Chegg's experience within a broader AI disruption reshaping tech and crypto: Bitcoin miners pivot to AI operations, and AI-native strategies redefine competitiveness in fintech and beyond.
CryptoFrontier5h ago
Tesla Q1 Revenue Up 16%, But AI and Robot Investments Lift Operating Expenses 37%
Tesla Q1: revenue up 16% to $22.4B with $477M net income, but margins fell to 4.2%. Deliveries 358k vs 370k. S/X retired for Optimus; Cybercab and Semi due in 2026; SpaceX chip fab planned.
Abstract: This article summarizes Tesla's first-quarter results and strategic outlook. Revenue rose to $22.4B with $477M in net income, yet operating margins declined amid large investments in Optimus, self-driving tech, and AI chips. The company is discontinuing S/X to support Optimus, targets Cybercab and Semi volume production by 2026, and plans a major chip fabrication facility with SpaceX.
GateNews6h ago
OpenAI Releases Open-Source Privacy Filter Model for PII Detection and Redaction
Abstract: OpenAI's Privacy Filter is an open-source, locally executable model that detects and redacts PII in text. It supports large contexts, identifies many PII categories, and is intended for privacy-preserving workflows such as data preparation, indexing, logging, and moderation.
OpenAI's Privacy Filter is a locally run, open-source model (128k-token context) that detects and redacts PII in text, covering contact, financial, and credential data for privacy workflows.
GateNews6h ago
