DeepSeek secures $15 billion to compete with US AI companies

Tencent and CATL were among the largest investors, according to Bloomberg, as reported by RuntimeWire. The fundraising target rose from 50 billion yuan to 80 billion yuan before the final total reached about 100 billion yuan, with Bloomberg describing the round as one of the largest ever in China.

• Bloomberg says DeepSeek aims to compete globally with Anthropic and OpenAI.

Covered by 2 publishers within 1 hour of the first report.

• Bloomberg: DeepSeek Raises $15 Billion in Challenge to Leading US Labs

Reporting2

BL Bloomberg DeepSeek Raises $15 Billion in Challenge to Leading US Labs · Lulu Yilun Chen and Haze Fan 10:17 PM

RTW RuntimeWire DeepSeek raises $15B to compete with US frontier AI labs · Ryan Merket 11:35 PM

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Topics AnthropicDeepSeek