DeepSeek Nears Deal to Raise $7.4 Billion for Open-Source AI

Chinese AI startup DeepSeek is reportedly nearing a deal to raise $7.4 billion. That’s according to a report Wednesday (June 3) by Bloomberg News, which says the financing would mark one of China’s largest ever startup funding rounds. Social media giant Tencent is among the investors in the round, sources familiar with the matter told Bloomberg.