Thursday, 22 October, 2026
War Chest Built: DeepSeek Secures $15B Mega-Round to Battle US AI Titans
By TechShots Studio
Chinese AI startup DeepSeek is finalizing a massive 100 billion yuan ($15 billion) funding round—doubling its original target in one of China's largest-ever tech raises. Backed by industry giants like Tencent and battery maker CATL, the capital injection will accelerate DeepSeek's AI infrastructure, model development, and scaling efforts as it ramps up competition against leading US labs and prepares for a potential IPO.
Read full story at REUTERS