📰 **DeepSeek and China’s AI boom are increasingly powered by state money**

Government-linked investors in China went from backing fewer than 10 AI deals annually before 2018 to more than 140 in 2025, reshaping who controls the future of AI.

🔗 https://fortune.com/2026/05/19/deepseek-china-ai-venture-capital-nvidia-pitchbook-trends-term-sheet/

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