Bloomberg reports DeepSeek's new funding round at about $15 billion

Bloomberg reports DeepSeek's latest round at about $15 billion, at a pre-money valuation of about $74.8 billion. The funding target was raised at least twice during talks, from about $7.5 billion to $12 billion. CATL and Tencent are among the largest investors, with CATL reportedly putting in about $1.5 billion. With a first round of more than $7.5 billion completed in June, DeepSeek has raised about $22.5 billion in roughly six months.

Why it matters: DeepSeek raised about $22.5 billion in roughly six months, and its new round's target rose from about $7.5 billion to $12 billion during talks.