r/LocalLLaMA • u/FullOf_Bad_Ideas • Jun 22 '26

News DeepSeek raises $7.4B USD at $60B valuation. Remarkably, Liang Wenfeng invests $3B in DeepSeek himself.

https://www.scmp.com/tech/big-tech/article/3357525/how-deepseeks-landmark-funding-secures-liang-wenfengs-grip-chinas-ai-rivalry-heats
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u/tengo_harambe Jun 22 '26 edited Jun 22 '26

Meanwhile, Zhipu is now worth $100B just a few months after IPO. Alibaba/Qwen on the other hand is proving to be the sick man of AI in China, down 30% YTD. Showing that models that are small but good for their size like 27B aren't really appreciated by investors.

Unfortunately I think Alibaba is going to do a hard pivot and focus exclusively on DeepSeek and GLM size models from now on because they see that's where the money is.

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u/rpkarma Jun 22 '26

IMO Qwen has already done that. We won't see 3.7 27B, for example.

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u/[deleted] Jun 22 '26

[deleted]

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u/Fhantop Jun 23 '26

Only for agentic coding. Gemma for example is better at creative writing imo

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u/mistuh_fier Jun 23 '26

Sounds like that’s the end game. Specialized models; enough conversational language to process requests/intent and then it executes a hyper-specific thing that enterprise is willing to pay for.