DeepSeek pauses fundraising after Liang Wenfeng's investor meeting transcript leaks

DeepSeek pause fundraise after comments on compute gap to US leaked (transcript) [pdf]

A transcript of a DeepSeek investor meeting dated July 22, 2026 was uploaded to GitHub. Liang Wenfeng acknowledged a widening compute gap with the US and said the company has paused its latest fundraising round. The body is a scanned PDF; only the title is disclosed so far, with no details on specific remarks or deal size.