DeepSeek Considers Doubling Funding Round to $15 Billion Amid State and Corporate Interest

DeepSeek, a Chinese AI company, is contemplating expanding its latest funding round to 100 billion yuan, equivalent to $14.9 billion, which is double its initial target. State-backed funds and corporate investors have displayed significant interest in the funding round, while individual investors are being restricted from participating. This move comes as DeepSeek grapples with increasing AI capital requirements and gears up for a potential listing in Shanghai next year. The fundraising process for DeepSeek has garnered attention due to the substantial interest shown by state-backed funds, investment arms of listed Chinese companies, and venture capital firms. The company is carefully…