DeepSeek lands $15 billion as China’s AI race intensifies: Report
Photo: Crypto Briefing
DeepSeek capitalizes on efficiency and strategic alliances as it closes a record-breaking fundraising round. Chinese AI startup DeepSeek has secured about 100 billion yuan ($15 billion) in its latest fundraising round, marking one of the country’s largest financings as it prepares to compete more aggressively with global leaders such as Anthropic and OpenAI , Bloomberg reported Wednesday, citing people familiar with the matter. The Hangzhou-based company raised its target from an initial 50 billion yuan to 80 billion yuan before settling on the final amount, according to the report.
Source: Crypto Briefing
