DeepSeek eyes $7.4 B funding round, valuing it up to $59 B
China's flagship AI startup DeepSeek is raising about 50 billion yuan ($7.4 billion) in its first external funding round, led by Tencent and CATL. The capital could value the company at $52‑$59 billion, marking one of China’s biggest private tech financings and signaling a shift from its previous self‑funded model.