Chinese AI startup DeepSeek is negotiating its first external funding round.
The company aims to raise at least $300 million.
This round targets a valuation of $10 billion or more.
Parent company High-Flyer Capital Management previously provided all financing.
DeepSeek plans to use the capital to develop advanced AI models.
The startup previously rejected investment offers from major Chinese venture capital and tech firms.
DeepSeek is recognized for its high-performance open-source AI models.