Tuesday, 9 June, 2026
China’s AI Champion: DeepSeek Nears Historic $7.4 Billion Funding Round to Fight Silicon Valley
By TechShots Studio
Chinese AI disruptor DeepSeek is finalizing a massive 50 billion yuan ($7.4 billion) maiden funding round to challenge U.S. giants like OpenAI. Led by tech giant Tencent, battery pioneer CATL, and the state-backed National AI Fund, the deal values the startup up to $59 billion. Notably, founder Liang Wenfeng is personally contributing $3 billion, ensuring the company maintains its research-first, open-source focus over short-term profits.
Read full story at CIO ECONOMIC TIMES