DeepSeek fundraises $7.4 billion

DeepSeek raised $7.4 billion, becoming China’s most valuable AI startup with a $50 billion valuation, though it lags behind US rivals like Anthropic and OpenAI, which raised $65 billion and $122 billion respectively. Geopolitical constraints limit DeepSeek’s access to US hardware and funding, hindering its ability to match US competitors’ budgets.