China’s DeepSeek closes $7 bln funding round- The Information

Chinese AI lab DeepSeek has closed its first outside funding round, raising approximately 50 billion yuan, which is about $7 billion. The deal is noted for its unusual structure and places the company's valuation between $52 billion and $59 billion. This follows the lab's previous impact on the industry through the release of a cheap and capable AI model. The funding round represents a major financial expansion for the Chinese artificial intelligence developer.