DeepSeek nears $12 billion financing round backed by Tencent and CATL
DeepSeek is close to securing at least 80 billion yuan in new capital, with Tencent Holdings and Contemporary Amperex Technology among the biggest contributors.
Why it matters
The financing could significantly boost China's AI capabilities and reshape global competition in large-language models.
In this story
deepseekfunding round80 billion yuantencentcontemporary amperex technologyai startuplarge-language modelschinabillion-dollar financing
