Quartz·2 min read·medium
DeepSeek is raising at least $12 billion in a Tencent-backed funding round
✦AI Summary
Chinese AI startup DeepSeek is securing a funding round of at least $12 billion, backed by major investors including Tencent and CATL. The capital injection is intended to support the company's growth ahead of a planned 2027 IPO.
Why it matters
This massive funding round underscores the intense capital competition in the global AI race and the significant role of Chinese tech giants in funding domestic innovation.
The Chinese AI startup's latest round, which also includes CATL, could…
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