DeepSeek reportedly raises $15B days after US restrictions
TechCrunch Kate Park ● Covered by 2 sources
DeepSeek raised about $15B about two days after the U.S. ordered federal civilian agencies to remove its AI technology over security concerns. The round is reported at roughly 100 billion yuan. As a result, DeepSeek is stepping up spending on AI infrastructure and open models, which could intensify competition among Chinese AI rivals.
Why it matters
DeepSeek has reportedly raised $15 billion in one of China's largest funding rounds, just days after the US ordered federal agencies to remove its technology over national security concerns.