Deep Seek Secures 80 Billion Yuan in Latest Funding Round

Chinese AI startup Deep Seek is nearing the securing of at least 80 billion yuan, approximately $11.93 billion, in its latest funding round. This funding exceeds initial expectations as the company initially aimed to raise around 50 billion yuan, but investor demand surged following the successful launch of its new AI models. The current round includes significant investments from battery manufacturer CATL and Tencent Holdings, reflecting strong confidence in Deep Seek's capabilities. Last month, the company launched its new model, Deep Seek-V 4.1-Flash, which offers enhanced capabilities and faster inference.