DeepSeek is closing a funding round of at least 80 billion yuan, roughly $12 billion, backed by Tencent and battery giant CATL, ahead of a planned Shanghai listing in early 2027. Bloomberg Intelligence says the benchmark gap between leading Chinese and American models has shrunk from nine percent in May to about three percent.
Entertainment · Oct 7 · L1-L4
Finance · Oct 7 · L1-L4