DeepSeek plans to raise about $7 billion in its first funding round
AI startup DeepSeek is reportedly close to securing approximately $7 billion in its first major funding round. The company aims for a valuation of up to $59 billion, with significant investment expected from tech giants Tencent and CATL. Other notable investors include NetEase, JD.com, and potentially venture capital firms like IDG Capital, with the founder also contributing a substantial personal investment. AI
IMPACT This substantial funding will likely accelerate DeepSeek's AI development and intensify competition among leading AI labs globally.