DeepSeek Nears $12 Billion Funding Led by Tencent and CATL
Chinese AI startup DeepSeek is close to raising at least 80 billion yuan ($11.93 billion) in its latest funding round, with Tencent Holdings and battery maker CATL among the largest investors. Originally seeking 50 billion yuan, investor demand surged after DeepSeek's successful AI model launch. The company recently partnered with Huawei to optimize AI tools and is preparing for a potential STAR Market IPO.
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