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DeepSeek reportedly raises $15 billion after US restrictions
Original: deepseek
Chinese AI company DeepSeek has reportedly raised $15 billion in funding, according to TechCrunch, just days after the United States announced new restrictions affecting it. The reported raise comes as Washington tightens export controls and other measures aimed at limiting China's access to advanced AI technology, and it suggests investors remain willing to back the firm despite mounting geopolitical pressure.
Why now: The reported massive funding round, coming immediately after new US restrictions, highlights escalating US-China AI competition.
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