Report: China's DeepSeek Nears $12 Billion Funding Round
Chinese AI firm DeepSeek is reportedly nearing a $12 billion funding round backed by Tencent and CATL.
Chinese artificial intelligence company DeepSeek is nearing a capital raise of approximately $12 billion in a major funding round, CNBC TV18 and technology website The Next Web reported.
According to the reports, the massive investment round is backed by Chinese technology giant Tencent as well as battery manufacturer CATL.
Further official details regarding the company's valuation in the deal, the precise stakes held by investors, or the timeline for finalizing the funding have not yet been released.
Sources: The Next Web, CNBC TV18
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