DEEPSEEK RAISES $15 BILLION IN ONE OF CHINA’S LARGEST FUNDING ROUNDS Chinese AI startup DeepSeek raised approximately 100 billion yuan, with Tencent and battery giant CATL among its biggest investors, according to Bloomberg. The company initially targeted 50 billion yuan but doubled its fundraising goal amid strong investor demand. DeepSeek is preparing for an IPO while increasing spending on AI data centers and open-source models to compete with OpenAI and Anthropic. Source: Bloomberg 22-OCT-2026 05:22 AM ET