Baidu Venture Capital CEO responds to missing DeepSeek: We are the VC upstairs from it, we didn't invest because Magic Fang doesn't lack money

According to a report by Golden Finance, the recent popularity of DeepSeek has attracted widespread attention, with VCs collectively missing out on DeepSeek becoming a hot topic of public discussion. Baidu Ventures, as an investment institution above DeepSeek, has sparked many discussions among netizens due to missing out on investing in DeepSeek. According to a report by Lei Di today, Baidu Ventures CEO Gao Xue responded to this matter by saying, "We are the VC upstairs from DeepSeek. When DeepSeek first settled in the Rongke Information Center in May 2024, we visited its relevant person in charge and maintained friendly interaction. However, because Fantasy Fang's large model business did not have a separate financing plan, like other VCs, we have not been fortunate enough to become an investor in DeepSeek." Gao Xue further introduced that "Baidu Ventures is BV Baidu Ventures, not Baidu Investment Department. Baidu Ventures is an independent venture capital institution initiated and established by Baidu Group in 2017. (Sina Technology)