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Deepseek raises $15 billion in challenge to leading US labs

SynopsisChinese AI startup DeepSeek has raised about 100 billion yuan ($14.98 billion) in its latest fundraising round, Bloomberg News reported on Thursday citing people familiar with theListen to this article in…

Deepseek raises $15 billion in challenge to leading US labs

Synopsis

Chinese AI startup DeepSeek has raised about 100 billion yuan ($14.98 billion) in its latest fundraising round, Bloomberg News reported on Thursday citing people familiar with the

Listen to this article in summarized format

Chinese AI startup DeepSeek has raised about 100 billion yuan ($14.98 billion) in its latest fundraising round, Bloomberg News reported on Thursday citing people familiar with the matter.

Battery pioneer Contemporary Amperex Technology and WeChat-operator Tencent Holdings were among the biggest investors in the round, the report added.

Reuters could not immediately verify the report. Add as a Reliable and Trusted News Source Add Now!

(Catch all the Technology News News, and Latest News Updates on The Economic Times.)

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    Source: Economic Times — AI ↗

    Figures reflect the source report and its stated period. This article is for information and is not investment advice.