
DeepSeek, an AI lab based in Beijing, has become the highest valued new unicorn on the Crunchbase Unicorn Board with a valuation of $50 billion. This follows a $7.4 billion Series A funding round, marking its first external financing. The company is part of a group of ten AI labs that collectively added $65 billion in value in June. Despite these additions, the overall value of the Unicorn Board decreased by over $1 trillion due to major exits like SpaceX going public.
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