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Chinese AI technology company DeepSek is planning to double its funding round to $15 billion, aiming to boost its market valuation to around $75 billion. The company initially intended to raise $7.5 billion but attracted strong interest from government funds and major investors, leading to an increase in the targeted amount. DeepSek applies strict criteria in selecting investors and aims to reach a valuation of over 500 billion yuan (approximately $75 billion) in this ongoing round, which could pave the way for an initial public offering expected in 2027.
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