Reports emerge that DeepSeek is finalizing a ~$15B funding round at a $74B pre-money valuation, with CATL, Tencent, and Geely as investors; DeepSeek has not confirmed.
Following·New·2 sources
DeepSeek Nears $15B Funding Round Led by CATL and Tencent
The gist
The round is described as one of the largest in Chinese history. The reported scale puts Chinese AI funding at a level comparable to the United States, which would drive increased demand for chips and memory across Asia.
The full picture
DeepSeek is finalizing a funding round of approximately $15 billion, double its original target of roughly $7.5 billion, according to reports. CATL, Tencent, and Geely are among the key investors. The round values the company at a $74 billion pre-money valuation. DeepSeek has not officially confirmed the fundraise. The company is also considering a listing on the Shanghai stock exchange, and most of the capital is expected to go toward compute infrastructure.
How it developed
Sources
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