DeepSeek Nears $12B Funding Round Led by Tencent, CATL as Investor Demand Surges
DeepSeek is about to get very rich. The Chinese AI startup is close to securing at least 80 billion yuan (roughly $12 billion) in its latest funding round, Bloomberg News reported Tuesday, citing people familiar with the matter. That’s nearly double what the company originally asked for. DeepSeek went in seeking about 50 billion yuan ($7.5 billion). Then it released its latest model last month, investors piled in, and now the final tally could approach 100 billion yuan, around $14.9 billion. ...