DeepSec nears 15B funding for AI growth

The emerging Chinese AI company "DeepSick" is close to raising approximately $1.5 billion in a significant funding round from both local and international investors, amounting to around 100 billion yuan. This nearly doubles its previous financial target of 50 billion yuan. The funding is expected to be completed in the coming days, reflecting strong investor interest—most of whom are state-backed—in China's race with the United States to strengthen its artificial intelligence capabilities. Additionally, the company is preparing to list its shares on the Chinese "Star" Market, following the launch of advanced models of its technologies aimed at improving performance and expansion.

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