DeepSec Approaches $15B Funding Goal

Chinese AI company Deep Sek aims to raise approximately $15 billion in its latest funding round, valuing it at nearly 500 billion yuan (around $75 billion). More than 15 investors participated, including Giga Devices and Geely Motors, surpassing its initial target of 50 billion yuan. This reflects strong investor interest and the company's prominent position in China's local AI strategies. The funding process is expected to be completed in the coming days, highlighting the growing competition between China and the United States in the field of artificial intelligence.

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