Investors have valued the Chinese artificial intelligence startup DeepSec at more than $50 billion, in the company’s first funding round, according to reports.
The company launched the latest models of artificial intelligence last April, after achieving widespread success around the world with its low-cost chatbot, which is comparable in strength to its competitors in the United States.
The Wall Street Journal and The Information newspaper reported this week, citing sources, that the company recently raised more than $7.4 billion, making its valuation exceed fifty billion dollars.
Training and operating advanced AI models is expensive work, requiring billions of dollars in infrastructure.
Despite great ambitions, the largest artificial intelligence companies in the world are currently still loss-making projects, and are trying to find ways to achieve profits in the future.
Washington says that the latest “Deep Sec” model, the most advanced in China, is about eight months behind the best offered by American companies.
The value of the American startup Antropic is estimated at about $965 billion, and the value of OpenAI at about $852 billion.
Like other Chinese chat apps, DickSik avoids topics that are often censored, such as the 1989 Tiananmen Square events.