Reports: Chinese AI Firm DeepSeek Raising $15 Billion

Chinese artificial intelligence company DeepSeek is raising a massive $15 billion funding round to finance its global ambitions, TheMarker and Dealroom reported. According to Dealroom, the company doubled the round's size to that figure, led by battery manufacturer CATL and technology conglomerate Tencent.

Conversely, Calcalist reported that the Chinese company has not yet closed the transaction but is close to securing the $15 billion amid the ongoing AI race. Further details regarding the company's valuation in the round or the expected timeline for its completion have not yet been released.