DeepSeek Close to Sealing $7 Billion Funding in Historic AI Deal

Bloomberg Technologyby Haze Fan, Lulu Yilun Chen, Pei Li, Zheping Huangtech

DeepSeek is close to finalizing a deal to raise about 50 billion yuan ($7.4 billion) from investors including Tencent Holdings Ltd. and its own founder in one of China’s largest startup financings, a milestone for a domestic AI industry seeking capital to take on marquee US names like OpenAI.

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