DeepSeek Seeks $7.4B in First Funding Round from Tencent, CATL

DEEPSEEK-14.37%
According to Reuters, Chinese AI firm DeepSeek is seeking approximately $7.4 billion (50 billion yuan) in its first external funding round, with the round expected to close within the next couple of weeks. The funding could value the company at $51.8 billion to $59.2 billion post-money. Key investors include founder Liang Wenfeng committing $2.96 billion, Tencent considering $1.48 billion, and battery maker CATL weighing $740 million.
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