DEEPSEEK REPORTEDLY RAISES $15 BILLION TO CHALLENGE US AI LABS

Summary from the TLDR IT newsletter

DeepSeek reportedly raised approximately $15 billion in one of China's largest funding rounds, with Tencent and battery manufacturer CATL among the backers. The funding strengthens its push to compete with OpenAI and Anthropic as the company prepares for a potential IPO and faces growing US restrictions over security concerns.