# Ascend 950PR

The Great Pivot: DeepSeek Eyes $10 Billion Valuation as it Decouples from Nvidia for Huawei Silicon

Chinese AI standout DeepSeek is seeking a $10 billion valuation in its first external funding round while simultaneously migrating its entire model architecture from Nvidia to Huawei silicon. This strategic pivot highlights the growing maturity of China's domestic AI hardware and software ecosystem, effectively challenging the dominance of Nvidia's CUDA platform.