DeepSeek raises about $15 billion in one of China’s largest funding rounds

Bloomberg reports DeepSeek raised about 100 billion yuan ($15 billion) in its latest funding round as it seeks to compete globally with Anthropic and OpenAI. Citing people familiar with the matter, Bloomberg says DeepSeek raised its target at least twice, from 50 billion yuan to 80 billion yuan before reaching the final tally. CATL and Tencent were among the biggest investors, those people said.