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DeepSeek reportedly nears $12bn funding round backed by Tencent and CATL
DeepSeek is close to raising at least 80 billion yuan, about $12bn, with Tencent and CATL among its largest backers, Bloomberg reports.
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Via TNW | Business
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DeepSeek is close to raising at least 80 billion yuan, or about $12bn, in a new funding round, Bloomberg News reported on Tuesday.
Tencent and the battery maker CATL have committed some of the largest sums, according to people familiar with the matter cited by Bloomberg.
The Chinese AI lab had first set out to raise about 50 billion yuan. Demand grew after the launch of its latest model, Bloomberg said, and the final total could…
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