DeepSeek reportedly closes USD 7 billion funding round
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What happened: On June 16, The Information reported that DeepSeek has closed its first external funding round, raising more than USD 7.4 billion (or RMB 50 billion) at a valuation exceeding USD 50 billion. The key numbers:
Founder Liang Wenfeng led the round, investing roughly RMB 20 billion of his...