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DeepSeek nears $14 billion second funding round, double its initial target

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According to Caijing, DeepSeek is nearing completion of a second funding round of roughly $14 billion, double its initial $7 billion target. Its pre-money valuation stays around $70 billion, and the round is expected to be split evenly between new and existing investors, including Geely, CATL, and Tencent. CATL alone may contribute $1.4 billion.

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According to Caijing, DeepSeek is nearing completion of its second funding round, bringing in roughly $14 billion, double its initial $7 billion target.

While its pre-money valuation remains unchanged at around $70 billion, the round is expected to be split evenly between new and existing investors, with Geely joining previous backers such as CATL and Tencent. CATL alone may contribute $1.4 billion.

We get a glimpse of the sheer capital intensity of China's AI race.

Source: X.PIN · x.comPublished · added here

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