DeepSeek close to at least $12 billion Tencent-backed funding round

Bloomberg reported on 6 October that DeepSeek is close to raising at least RMB80 billion, about USD$12 billion. Tencent Holdings and CATL have made among the largest commitments, according to Bloomberg. Reuters put the total at more than RMB80 billion, or $11.93 billion, and reported the round is expected to close in October.