(FILES) Shanghai-based artificial intelligence startup MiniMax's CEO Yan Junjie (C), a former executive at the Chinese leading AI software company SenseTime which was blacklisted by the US Commerce Department in 2021, attends the company's listing ceremony at the Hong Kong Stock Exchange (HKEX) on January 9, 2026. Before DeepSeek shook up the tech world and put Chinese AI on the map, Wu Chenglin's own startup DeepWisdom had nearly folded three times -- but in the past year it has raised $30 million. (Photo by Tommy WANG / AFP via Getty Images)

This aerial photograph taken on January 14, 2026 shows the building housing the headquarters of Chinese AI startup DeepSeek in Hangzhou, in China's eastern Zhejiang province. Before DeepSeek shook up the tech world and put Chinese AI on the map, Wu Chenglin's own startup DeepWisdom had nearly folded three times -- but in the past year it has raised $30 million. (Photo by Jade GAO / AFP via Getty Images)

This aerial photograph taken on January 14, 2026 shows the building housing the headquarters of Chinese AI startup DeepSeek in Hangzhou, in China's eastern Zhejiang province. Before DeepSeek shook up the tech world and put Chinese AI on the map, Wu Chenglin's own startup DeepWisdom had nearly folded three times -- but in the past year it has raised $30 million. (Photo by Jade GAO / AFP via Getty Images)

(FILES) Company executives from Chinese ventures such as artificial intelligence startup Zhipu AI, semiconductor firm Iluvatar CoreX and surgical robot manufacturer Edge Medical attend the initial public offering (IPO) launch at the Hong Kong Stock Exchange (HKEX) on January 8, 2026. Before DeepSeek shook up the tech world and put Chinese AI on the map, Wu Chenglin's own startup DeepWisdom had nearly folded three times -- but in the past year it has raised $30 million. (Photo by Tommy WANG / AFP via Getty Images)

(FILES) This photo illustration shows the logos of Chinese artificial intelligence startup DeepSeek and US chip giant Nvidia on screens in Hangzhou, in China's eastern Zhejiang province on January 27, 2025. Before DeepSeek shook up the tech world and put Chinese AI on the map, Wu Chenglin's own startup DeepWisdom had nearly folded three times -- but in 2025 it has raised $30 million. (Photo by AFP via Getty Images) / China OUT

A member of the Colombia delegation visits the Doha International Maritime Defence Exhibition and Conference (DIMDEX 2026) which showcases technology, maritime, and defence capabilities, at the Qatar National Convention Centre, in Doha on January 19, 2026. (Photo by Karim JAAFAR / AFP via Getty Images)

Visitors discuss during the Doha International Maritime Defence Exhibition and Conference (DIMDEX 2026) which showcases technology, maritime, and defence capabilities, at the Qatar National Convention Centre, in Doha on January 19, 2026. (Photo by Karim JAAFAR / AFP via Getty Images)

Visitors walks past pavilions during the Doha International Maritime Defence Exhibition and Conference (DIMDEX 2026) which showcases technology, maritime, and defence capabilities, at the Qatar National Convention Centre, in Doha on January 19, 2026. (Photo by Karim JAAFAR / AFP via Getty Images)