DeepSeek reportedly raises $15B after US restrictions
TechCrunch: DeepSeek reportedly raises $15B days after US restrictions
DeepSeek has reportedly raised $15 billion in one of China's largest funding rounds, just days after the US ordered federal agencies to remove its technology over national security concerns.
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A Chinese AI lab has raised approximately $15 billion in funding, one of the largest funding rounds in the country, just two days after the U.S. ordered federal civilian agencies to remove its AI technology from their systems over security concerns. The company is ramping up spending on AI infrastructure and open models for domestic and international markets despite facing U.S. restrictions. This funding round reflects a broader pattern of investors pouring billions into AI companies globally, including in China, as part of competition in the global AI race. The lab was founded in 2023 and gained global attention in early 2025 with its free-to-use, open-weight reasoning model that challenged the dominance of U.S. AI companies.
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