Contemporary Amperex Technology Co. Limited

Chinese battery company

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DeepSeek nears $7.4bn funding round amid AI race
business Jun 3, 2026, 2:33 PM
DeepSeek nears $7.4bn funding round amid AI race
  • DeepSeek is nearing the completion of a $7.4 billion funding round led by Tencent and Contemporary Amperex.
  • The funding round is expected to value DeepSeek between $52 billion and $59 billion, significantly outpacing its competitor Moonshot.
  • This funding round reflects the growing competition in the AI sector as companies seek capital to enhance their market position.
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