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DeepSeek to raise at least $12 billion in Tencent-backed funding, Bloomberg News reports

DeepSeek to raise at least $12 billion in Tencent-backed funding, Bloomberg News reports

Chinese AI startup DeepSeek is close to securing ‌at least 80 billion yuan ($11.93 billion) in its latest round of funding, Bloomberg News reported on Tuesday, citing people familiar with the matter. Here are more details: Chinese ⁠battery maker CATL and Tencent Holdings have committed among the largest amounts in the current funding round, the report said. ‌DeepSeek initially sought about 50 billion yuan but investor demand exceeded expectations following the ‌successful launch of its latest AI model, ‌Bloomberg News said, adding that the ‌final tally could ‌approach 100 billion yuan. DeepSeek, Tencent and CATL did not immediately ‌respond to Reuters' requests for comment. Reuters ⁠could not immediately verify the report. DeepSeek recently partnered with Huawei Technologies to develop programming tools ⁠optimised ⁠for Huawei's Ascend AI chips, highlighting China's push to reduce reliance on Nvidia's AI ecosystem. Last ⁠month, the company released its latest model, DeepSeek-V4.1-Flash, and said it was designed for greater capability, faster inference, higher throughput and scaling to larger models. DeepSeek had ‌hired CITIC Securities to prepare for a potential STAR Market initial public offering, though the timing, valuation and fundraising size remain undecided, Reuters reported last month.

Oct 6, 2026 · byMobile Business
OpenAI Disrupts Reasoning Extraction Campaign Linked to Moonshot AI Associates

OpenAI Disrupts Reasoning Extraction Campaign Linked to Moonshot AI Associates

OpenAI on Wednesday said it identified and disrupted a coordinated distillation campaign that was designed to illicitly extract protected reasoning from its artificial intelligence (AI) models. A "core cluster of the activity," going back to the first week of July, has been attributed to individuals associated with Moonshot AI, a Chinese AI company based in Beijing. It did not cite any

Oct 1, 2026 · byThe Hacker News
Chinese AI firms snub US delegation over sanction concerns

Chinese AI firms snub US delegation over sanction concerns

Rising U.S.-China tech tensions may hinder diplomatic engagement, impacting market dynamics and increasing geopolitical risks in AI sectors. The post Chinese AI firms snub US delegation over sanction concerns appeared first on Crypto Briefing .

Sep 12, 2026 · byCryptoBriefing