DeepSeek has closed its first external funding round, raising more than 50 billion yuan, which is approximately $7.4 billion, at a valuation exceeding $50 billion.

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.

Chinese Artificial Intelligence lab DeepSeek has closed its first funding round that raised more than 50 billion yuan ($7.40 billion) under an unusual deal structure,…