8 Hrs
Source:
الاقتصادية
_1777294237270_124456903.png&w=64&q=75){kind=small}
DeepSec raises $15B to rival US AI firms
Chinese company Deep Cyber, specializing in artificial intelligence, has raised 100 billion yuan ($15 billion) in its latest funding round, making it one of the largest rounds in China. This comes as part of the company's efforts to compete globally with industry giants like Anthropic and OpenAI. The targeted funding was initially increased from 50 billion yuan to 80 billion before reaching 100 billion, to support its expansion and investments in data centers, as well as the production of low-cost, high-performance AI models. This round paves the way for a potential, long-anticipated initial public offering (IPO) in the Chinese market, as Deep Cyber has demonstrated the ability to compete on the global stage with its affordable models, putting pressure on local competitors despite the disparity in financial resources compared to American tech giants.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)