Chinese AI startup DeepSeek has raised more than 50 billion yuan - about $7.4 billion - in its first external funding round.

Chinese AI lab DeepSeek has closed its first funding round that raised more than 50 billion yuan ($7.4billion) under an unusual deal structure, according to two people with direct…

DeepSeek has closed its first outside funding, over $7bn, with founder Liang Wenfeng putting in a controlling share and Tencent and CATL as top backers.