China's National Artificial Intelligence Industry Investment Fund

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Donald Trump, left, and Dario Amodei. Photos via Getty Images; art by Mike Sullivan
AI Agenda

Is Anthropic Losing Goodwill With AI Researchers?; AGI House Alums Raise $25 Million For New Fund

By Stephanie Palazzolo · Jun 16, 2026 7:01am PDT
Remember the last time Anthropic tussled with the Trump administration, all the way back in February, when a coterie of competing AI researchers and CEOs (even Sam Altman!) quickly came to Anthropic’s defense?That doesn’t seem to be happening this time. In the wake of Trump officials’ Friday night move to effectively ban Anthropic’s most... Remember the last time Anthropic tussled with the Trump administration, all the way back in...
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Exclusive

Chinese EV Battery Giant CATL Plans to Invest in DeepSeek

By Juro Osawa and Qianer Liu · May 22, 2026 4:56am PDT
Chinese battery giant Contemporary Amperex Technology, better known as CATL, is planning to invest in Chinese AI developer DeepSeek’s fundraising, according to two people with direct knowledge of the matter. CATL’s planned investment comes as it is aggressively stepping up its efforts to sell power equipment to AI data centers. DeepSeek’s... Chinese battery giant Contemporary Amperex Technology, better known as CATL, is planning to...
HongShan's chief, Neil Shen, and Iluvatar GPUs. Photos by Bloomberg via Getty.
Exclusive

Sequoia’s Former Chinese Arm Backs Another Nvidia Challenger

By Juro Osawa and Jing Yang · Jan 11, 2024 7:25am PST
HongShan, a prominent Chinese venture capital firm that recently separated from Sequoia Capital, has invested in a startup that competes with U.S. artificial intelligence chip giant Nvidia in the Chinese market, according to three people with knowledge of the matter. It’s the latest of several investments HongShan has made in domestic AI... HongShan, a prominent Chinese venture capital firm that recently separated from Sequoia Capital,...
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Exclusive

DeepSeek Closes Record $7 Billion-Plus Funding with Unusual Deal Structure

By Jing Yang, Qianer Liu and Juro Osawa · Jun 15, 2026 9:55pm PDT · 3 comments
Chinese AI lab DeepSeek has closed its first funding round that raised more than 50 billion yuan ($7.4 billion) under an unusual deal structure, according to two people with direct knowledge of the matter. The funding round, which values the large-language model developer at more than $50 billion, requires investors to put their capital... Chinese AI lab DeepSeek has closed its first funding round that raised more than 50 billion yuan...
Exclusive

DeepSeek To Raise More than $7 Billion as Startup Plots Revenue Efforts

By The Information Staff · May 8, 2026 4:40am PDT
Liang Wenfeng, billionaire founder and CEO of DeepSeek, is planning to write the biggest check for the startup’s first-ever funding round, which the company now hopes will raise up to 50 billion yuan ($7.35 billion), according to two people with direct knowledge of the talks. That would make it the biggest funding round by a Chinese AI company... Liang Wenfeng, billionaire founder and CEO of DeepSeek, is planning to write the biggest check...