00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Chinese AI startup DeepSeek is set to raise more than 80 billion yuan, 11.93 billion dollars in
00:08its latest funding round as it builds capital ahead of a potential domestic IPO, according to
00:13Reuters. The company began fundraising in July, at a targeted valuation of 74 billion dollars.
00:18Investor commitments have surpassed its original 50 billion yuan target,
00:22with the round expected to close in October. Bloomberg reported the final amount could reach
00:27100 billion yuan. CATL and Tencent have reportedly made some of the largest commitments.
00:33DeepSeek recently partnered with Huawei to develop programming tools optimized for Ascend AI chips,
00:38and has hired CITIC Securities to prepare for a potential star market IPO.
00:42For all things money, visit Benzinga.com.
Comments