DeepSeek pause fundraise after comments on compute gap to US leaked (transcript) [pdf]

DeepSeek has paused its fundraising efforts after a leaked transcript of an investor meeting revealed founder Liang Wenfeng's comments on the company's compute gap compared to US rivals. The transcript, dated July 22, 2026, shows Liang discussing the challenges DeepSeek faces in catching up with US AI firms on computing power.

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