CATL and Tencent back Deepseek funding round ahead of planned 2027 IPO
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Deepseek is close to raising at least $12 billion, potentially nearly $15 billion, with CATL and Tencent as its largest backers. The Chinese AI startup plans an early-2027 IPO and a data centre using at least 160,000 Huawei AI chips while continuing to develop open models.
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