Chinese AI startup DeepSeek is poised to raise around 50 billion yuan ($7 billion) in its first external funding round, with backing from major investors

The fundraising could value the company after the investment at between 350 billion yuan and 400 billion yuan, or between $52 billion and $59 billion.

Tencent, CATL are set to become the largest external investors, sources say. Read more at straitstimes.com. Read more at straitstimes.com.