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The nearly $16 billion round drew backing from Tencent, CATL, and Chinese state-owned institutions.
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DeepSeek doubled its latest fundraising target as black-market prices for Nvidia’s advanced AI chips surged. The nearly $16 billion round attracted backing from Tencent, CATL and some of China’s most powerful state-owned institutions. Full story:Read original on X
DeepSeek doubles fundraising target as Nvidia chip prices surge
DeepSeek doubles fundraising target to nearly $16 billion
DeepSeek doubles fundraising target as Nvidia chip prices surge
DeepSeek doubles fundraising target to nearly $16 billion as chip prices surge
DeepSeek doubles fundraising target to nearly $16 billion amid chip price surge
DeepSeek doubles fundraising target to nearly $16 billion
DeepSeek doubles fundraising target to nearly $16 billion
DeepSeek doubles fundraising target as Nvidia chip prices surge
DeepSeek doubles fundraising target as Nvidia chip prices surge
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The closed-door briefing comes as Nvidia's board runs its own investigation into Huang.
The report raises questions about whether Nvidia's board investigation into CEO Jensen Huang can be independent.
Sources say China is asking both companies to stop, raising data security stakes for major AI labs.
The probe follows reports that Jensen Huang was targeted by a foreign intelligence effort, raising security concerns at the top AI chip company.