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DeepSeek founder Liang Wenfeng is reportedly set to meet with China’s Xi Jinping


Chinese AI startup DeepSeek founder Liang Wenfeng is reportedly set to meet with China's Xi Jinping during a summit.

The summit, which could happen as soon as next week, may be intended as a signal by China’s Communist Party that it aims to adopt a more supportive stance toward domestic private-sector firms, according to Bloomberg. In 2020, Chinese authorities effectively prevented Alibaba from executing what would have been the biggest public offering in history. U.S. officials have raised concerns over the explosive popularity of DeepSeek’s models and services, which they perceive as a threat to the U.S.’ pole position in the AI race.

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