Recently, DeepSeek's explosion has attracted widespread attention, among which VCs collectively missed DeepSeek and became a hot topic of public discussion. Baidu Venture Capital, as an investment institution upstairs in DeepSeek, has caused many netizens to discuss because of its missed investment in DeepSeek. According to Lei Di's report today, Gao Xue, CEO of Baidu Venture Capital, said in response to the matter, "We are the VC upstairs in DeepSeek. When DeepSeek entered the Rongke Information Center in May 2024, we visited its relevant person in charge and maintained friendly interactions. However, because the large-scale model business of Magic Square did not split into independent financing plans, we, like other VCs, are not fortunate enough to be an investor in DeepSeek at present." Gao Xue further pointed out that "Baidu Venture Capital is BV Baidu Venture Capital, not Baidu Investment Department. Baidu Venture Capital is an independent venture capital institution initiated and established by Baidu Group in 2017." (Sina Technology)