DeepSeek reportedly raises $15B days after US restrictions
- Who
- Bloomberg
- What
- reported DeepSeek raised about 100 billion yuan in its latest funding round
- Quote
the Chinese AI lab has raised about $15 billion, about 100 billion yuan, one of the biggest funding rounds in the country, Bloomberg reported.
What happened
DeepSeek has reportedly raised about $15 billion, about 100 billion yuan, according to Bloomberg, two days after the U.S. ordered federal civilian agencies to remove its AI technology over security concerns. Potential investors include CATL and Tencent. The report says DeepSeek is increasing spending on AI infrastructure and open models for domestic and international markets; the company did not immediately respond to TechCrunch’s request for comment.
Read next
See the full storyDeepSeek Reportedly Raises $15 Billion Amid US Federal Agency RestrictionsReported by 2 sources
The story so far
DeepSeek has raised about 100 billion yuan, approximately $15 billion, in its latest funding round, Bloomberg reported, as the US ordered federal civilian agencies to remove its AI technology over security concerns. DeepSeek has not officially confirmed the funding. Baoyu’s account of Bloomberg’s reporting names CATL and Tencent as the largest contributors, while TechCrunch describes them as potential investors. TechCrunch also reports that DeepSeek is increasing spending on AI infrastructure and open models for domestic and international markets.
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