DeepSeek Raises Nearly $16 billion in Second Funding Round

AI Summary

China-based AI company DeepSeek has reportedly closed a second funding round worth 106 billion yuan, or about $15.9 billion. The raise is more than double its initial target and ranks among the largest fundraising deals in China's AI sector.

DeepSeek has closed its second funding round, raising 106 billion yuan ($15.9 billion) in one of the biggest-ever fundraising deals in China’s AI sector, according to three people with knowledge of the matter. The amount is more than double DeepSeek’s original fundraising target of 50 billion ...