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DeepSeek to Raise at Least $12 Billion in Tencent-Backed Funding

This story is from 2026-10-06. It is preserved in the archive; the latest stories are on the live feed.

DeepSeek is close to securing at least 80 billion yuan ($12 billion) in its latest round of funding, blowing past its own capital-raising target ahead of a landmark initial public offering in early 2027.

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  1. 2026-10-06 05:00 · Bloomberg AI
    DeepSeek to Raise at Least $12 Billion in Tencent-Backed Funding

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  1. Sources: DeepSeek is close to raising $12B+ in a round that could reach ~$14.9B, with Tencent and CATL as the biggest contributors, ahead of an early-2027 IPO (Bloomberg) — Techmeme
  2. Reflection AI Is About to Release a US Open-Weight Model to Take On DeepSeek and Qwen — r/LocalLLaMA
  3. Analysis: Anthropic's subscriptions offer ~5x more API-equivalent value per month than OpenAI's for agentic workloads with Claude Opus 5.5 vs. GPT-6.1 Sol (SemiAnalysis) — Techmeme
  4. What is Beam? The buzzy American AI model being called the 'DeepSeek of the West' — Business Insider AI
  5. I let 5 AI models fight a world war. DeepSeek betrayed Claude and nuked it four times. Mistral nuked itself. — r/AI_Agents
  6. For dual DGX spark users; GLM 5.3 flash got a 50%+ performance boost — r/LocalLLaMA
  7. DeepSeek narrows AI gap with US rivals to just 3%, threatening American dominance — Mint AI
  8. How stable are 2x and 4x DGX Spark setups when left running unattended for days? — r/LocalLLM

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