Apparently their strategy is to dump a fuckton of money in hopes that that will make them dominate the market, just like they did with the metaverse thing. It's like a hobbyist who buys the most expensive gear on the first day of trying out a new hobby.
Would be weird if they're raising $10 billion after spending only 0.3
https://newsletter.semianalysis.com/p/deepseek-debates
Probably more like 3-4 billion by now?