DeepSeek plans to double workforce amid $7.4 billion raise

Investing.com -- DeepSeek said it is working to at least double the size of all departments as the Chinese artificial intelligence company pursues a major expansion following a large fundraising round.

The Hangzhou-based firm announced the hiring push in a statement on WeChat, covering technical and engineering roles. The move follows DeepSeek's effort to raise about 50 billion yuan ($7.4 billion) in one of China's largest startup financings, Bloomberg News reported earlier this month.

"As technology evolves, we are striving to at least double the size of all departments," the company said in its post.

DeepSeek gained attention at the start of last year with a breakthrough reasoning model developed at a fraction of the cost of its Silicon Valley competitors. The company has since launched additional services as it competes with domestic rivals including Alibaba Group Holding and Minimax Group, as well as global companies such as OpenAI and Anthropic.

The positions DeepSeek is recruiting for include data engineers, development engineers and AI cross-disciplinary technical talent.

The success of DeepSeek and other low-cost Chinese models has raised concerns about spending on AI accelerators from the world's most valuable company.

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