DEEPSEEK SLATED TO DRAW $7 BILLION IN MAIDEN FUNDRAISING

Summary from the TLDR AI newsletter

DeepSeek is set to raise around 50 billion yuan in its first funding round. The startup's founder has committed 20 billion yuan of his own money, and the rest of the funding will come from fewer than 10 other investors. The funding round is expected to be completed within the next couple of weeks. DeepSeek has yet to make any statements about whether it has plans for an initial public offering sometime in the future.