China’s AI funding is surging: DeepSeek’s record $7.4bn raise, 381 unicorns, and two new robot unicorns show US pressure is fuelling the boom.

Up until two months ago, DeepSeek, the three-year-old Chinese AI lab, was an anomaly in the increasingly costly global AI battle. It had relied entirely on CEO Liang Wenfeng’s…

China’s AI funding is surging: DeepSeek’s record $7.4bn raise, 381 unicorns, and two new robot unicorns show US pressure is fuelling the boom.