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DeepSeek Near $7 Billion AI Funding Deal
Originally published Jun 3, 2026
By Haze Fan, Lulu Yilun Chen, Pei Li, Zheping Huang · Bloomberg — Technology
AI-generated summary based on Bloomberg — Technology · Aggregated by OffScreenSpace · Human-reviewed and approved on Jun 3, 2026
Key points
- DeepSeek is nearing a $7.4 billion funding deal from investors including Tencent and its founder.
- The deal would be one of the largest startup financings in China.
- The funding aims to bolster China's AI industry and its global competitiveness.
- The investment reflects confidence in the company's potential to challenge U.S. AI leaders like OpenAI.
DeepSeek is close to finalizing a $7.4 billion funding deal, one of the largest startup financings in China. The investment includes Tencent Holdings Ltd. and the company's founder. This deal highlights the growing strength of China's domestic AI industry, which is seeking capital to compete with major U.S. players like OpenAI. The funding is expected to accelerate the development of AI technologies and strengthen the company's position in the global market.
Read the original story: Bloomberg — Technology