Chinaβs AI powerhouse is locking in historic capital. ππ¨π³
DeepSeek founder Liang Wenfeng is finalizing an 80-to-100 billion yuan ($12B+) funding round backed by Tencent and CATL ahead of a 2027 IPO. The massive war chest will fund proprietary computing infrastructure and domestic silicon to build next-gen frontier models without relying on U.S. hardware. After shaking Silicon Valley on a shoestring budget, DeepSeek is now armed to compete at scale. π»π
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