DeepSeek Raises $7.4B, Vaulting China's AI Lab Into The Big Leagues
DeepSeek raised roughly 50 billion yuan, or $7.4 billion, in its first external funding round, reaching a $52 billion valuation backed by Tencent and CATL. Key Points: DeepSeek closed a roughly $7.4 billion raise, its first outside funding, at a $52 billion valuation. Tencent came in as the largest