Chinese AI firm DeepSeek raises $15B in latest challenge to OpenAI, Anthropic: report | Latest Tech News
Chinese artificial intelligence firm DeepSeek raked in $15 billion in a contemporary fundraising spherical as it seems to challenge US-based labs like OpenAI and Anthropic, according to a report.
The Hangzhou, China-based firm – one of a number of open-source contenders that have lured customers with ultra-cheap, high-performance AI fashions – twice raised its fundraising goal due to steep demand from traders, Bloomberg reported Thursday, citing people acquainted with the matter.
Investors in DeepSeek’s latest spherical included Chinese tech giant Tencent and battery maker Contemporary Amperex Technology, the report said.
The DeepSeek app is shown on a cell phone in Beijing, Monday, Jan. 27, 2025. AFP via Getty Images
DeepSeek is reportedly making ready to go public in Shanghai the close to future.
DeepSeek sparked a $1 trillion market meltdown in January 2025 with the release of an open-source model with capabilities rivaling those of US frontier labs like OpenAI and Anthropic.
Other Chinese startups such as Moonshot and Z.AI have since launched their own open-source fashions, raising issues that China is catching up to the US in the race to construct superior AI.
As The Post reported, DeepSeek’s data practices – such as storing data on servers based in China – posed many of the same national security issues that in the end led Congress to ban TikTok.
Earlier this week, the Department of Homeland Security ordered federal civilian companies to take away DeepSeek’s fashions from their systems.
DHS said they “present multiple threat vectors” and famous that any authorities use of them “may result in the transfer of sensitive data to the [People’s Republic of China] if used by US government employees or vendors.”
DeepSeek raked in $15 billion in a contemporary fundraising spherical. REUTERS
The Commerce Department, the US Navy and New York state have all enacted comparable crackdowns on use of DeepSeek’s fashions.
Meanwhile, both OpenAI and Anthropic have overtly accused DeepSeek of utilizing a approach called “distillation,” in which an superior AI model is used to practice a less succesful one without permission and at a fraction of the associated fee and time, to construct its merchandise.
In April, the White House’s Office of Science and Technology revealed a memo accusing “foreign entities, principally based in China” of participating in “deliberate, industrial-scale” theft campaigns.
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