Tuesday, 6 October, 2026
DeepSeek Scores Big: AI Phenom Set to Reel in $12 Billion in Tencent-Backed Funding
By TechShots Studio
Chinese AI powerhouse DeepSeek is nearing a massive $12 billion (80 billion yuan) funding round, fueled by overwhelming investor interest after its latest model release. Backed by heavyweights like Tencent and battery maker CATL, the startup is shattering initial targets as it scales its innovative AI ecosystem and expands domestic chip partnerships.
Read full story at CIO ECONOMIC TIMES