DeepSeek closed its first-ever outside funding round at $7.4 billion, but the deal's structure means that for the most part, only one investor actually gets a say.

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.