China’s DeepSeek raises $15 billion to challenge top US AI labs

T1Covered by 1 source · first reported by The Hindu — Technology / BusinessLine — Info-tech at 22 Oct, 07:40 UTC

The firm boosted its financing target at least twice as it talked with investors, from 50 billion yuan to 80 billion yuan before reaching the final tally, according to people familiar with the matter

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Sources

• T1China’s DeepSeek raises $15 billion to challenge top US AI labsThe Hindu — Technology / BusinessLine — Info-tech22 Oct, 07:40