Chinese AI Startup DeepSeek Seeks $7 Billion in Funding Round
Chinese AI startup DeepSeek is reportedly seeking to raise approximately $7 billion in its inaugural funding round, with backing from major companies like Tencent and CATL. This significant investment would value the company between $52 billion and $59 billion.
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DeepSeek slated to draw $7 billion in maiden fundraising, sources say
Chinese AI startup DeepSeek is set to raise about 50 billion yuan ($7.4 billion) in its first funding round, people with knowledge of the matter said.
Read full article →DeepSeek nears US$7b haul in first-ever funding round, with backing from Tencent, CATL
Chinese artificial intelligence start-up DeepSeek is finalising its first external fundraising round, securing over 50 billion yuan (US$7.4 billion) at a valuation of just under US$60 billion, according to people familiar with the matter – marking a six-fold leap from its US$10 billion valuation in April. The blockbuster round highlights intensifying global competition and a shifting strategy for the AI breakout star, which had previously resisted external capital. Market-oriented investors a...
By Wency Chen,Ben Jiang
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