Deepseek raises $15 billion in challenge to leading US labs, Bloomberg News reports 

Oct 22 (Reuters) – Chinese AI startup DeepSeek has raised about 100 billion yuan ($14.98 billion) in its latest fundraising round, Bloomberg News reported on Thursday citing people familiar with the matter. 

Battery pioneer Contemporary Amperex Technology and WeChat-operator Tencent Holdings were among the biggest investors in the round, the report added. 

Reuters could not immediately verify the report.

($1 = 6.6749 Chinese yuan renminbi)

(Reporting by Devika Nair in Bengaluru; Editing by Ronojoy Mazumdar)

Brought to you by www.srnnews.com

Click here to read the full article