Deepseek raises $15 bln in Tencent, CATL-backed funding round - Bloomberg

What happened: DeepSeek raised about 100 billion yuan in its latest funding round, with CATL and Tencent among the largest investors, Bloomberg reported. Key numbers: About 100 billion yuan ($15 billion). Target raised from 50 billion yuan to 80 billion yuan before the final amount. OpenAI and Anthropic have each raised more than $100 billion. Why it matters: The funding could help narrow the resource gap with U.S. rivals OpenAI and Anthropic, though DeepSeek still has considerably less financial firepower. Market: -3.4% today ($380.60), -38.2% YTD, 1.5x vol — as of 04:23 UTC

DeepSeek raised about 100 billion yuan in its latest funding round, with CATL and Tencent among the largest investors, Bloomberg reported.

The funding could help narrow the resource gap with U.S. rivals OpenAI and Anthropic, though DeepSeek still has considerably less financial firepower. Market: -3.4% today ($380.60), -38.2% YTD, 1.5x vol — as of 04:23 UTC