Chinese AI company DeepSeek is reportedly designing its own artificial intelligence chip to reduce its reliance on Nvidia and Huawei.

• The chip is being built for inference, the process of using an AI model, rather than training.
• DeepSeek has raised approximately $7.4 billion in its first outside funding round.
• This move places DeepSeek among other Chinese tech giants like Alibaba and Baidu who are also developing in-house AI chips.