DeepSeek reportedly nears $12bn funding round backed by Tencent and CATL

DeepSeek is close to raising at least 80 billion yuan, or about $12bn, in a new funding round, Bloomberg News reported on Tuesday. Tencent and the battery maker CATL have committed some of the largest sums, according to people familiar with the matter cited by Bloomberg. The Chinese AI lab had first set out to […] This story continues at The Next Web