DeepSeek Nears 12 Billion Dollar Funding Round
Chinese artificial intelligence startup DeepSeek is reportedly securing over 12 billion dollars in its latest funding round. The massive capital injection prepares the firm for a domestic initial public offering.
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DeepSeek is set to net over $11.9B in new funding during an October fundraising round, a person with knowledge of the matter said. The latest capital raise exceeds the firm's initial $7.4B target as it prepares for a domestic IPO. The fundraising highlights investor demand for domestic artificial intelligence infrastructure amid efforts to reduce reliance on Nvidia chips.
