A $12B DEEPSEEK RAISE IS REPORTEDLY CLOSE, WITH TENCENT AND CATL AMONG BACKERS

Summary from the TLDR AI newsletter

DeepSeek is nearing a $12 billion raise, surpassing its initial 50 billion yuan target, with Tencent and CATL as major contributors. The funding boost follows the release of DeepSeek's latest AI model, with expectations it might reach 100 billion yuan. The company is also preparing for a potential Shanghai STAR Market IPO, employing CITIC Securities for assistance.