23-Oct-2026 09:57:26
DeepSeek Raises $15 Billion to Challenge OpenAI, Anthropic
Chinese AI startup DeepSeek has raised around $15 billion (100 billion yuan) in its latest funding round, according to Bloomberg News. Major investors include battery maker CATL and Tencent, alongside other Chinese technology companies and investment firms. The fundraising exceeds DeepSeek’s original 50-billion-yuan target, highlighting strong investor interest in China’s AI ambitions. The company plans to expand AI infrastructure and develop advanced models, while preparing for a potential IPO on China’s STAR Market.