DeepSeek gears up for AI expansion with $15 billion backing
- Chinese AI startup DeepSeek raised about $15 billion 100 billion yuan to back its global AI ambitions.
- Strong investor demand drove DeepSeek to raise its funding target twice from 50 billion yuan to 80 billion, before reaching 100 billion yuan.
- Tech giant Tencent Holdings and battery maker CATL were among the largest investors in the round.
- DeepSeek will use the capital to expand AI data centers and develop open-source models for global users.
Source: livemint.com
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