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DeepSeek’s $7.4bn raise is one symptom of China’s AI cash surge
China’s AI sector is not short of cash. If anything, American pressure is pumping more in. DeepSeek shows the pattern best. The Hangzhou lab closed a $7.4bn round, the biggest first-time raise by a Chinese startup, at a valuation above $50bn. It had run for three years on founder Liang Wenfeng’s own wealth and never […]<br /> This story continues at The Next Web [...]
Engadget Podcast: How Carvana is trying to fix the broken car buying world
Buying a car in America is usually a hellish experience involving pushy salespeople, mysterious fees, and hours-long financing negotiations. That’s something Carvana aimed to solve with its online used car marketplace when it launched 13 years ago. In this episode, Devindra chats with Carvana Chief Product Officer Dan Gill about how the company moved beyond the flashy marketing of its early car [...]
