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00:03DeepSeek is set to raise about $7.4 billion in its first ever funding round,
00:07ending years of relying solely on founder Liang Wenfeng's quant hedge fund for capital,
00:12according to Reuters. The round could value the Chinese AI startup at between $52 billion and
00:18$59 billion. Liang has committed 20 billion yuan of his own money. Tencent is considering a 10
00:25billion yuan investment, and battery giant CATL is looking at 5 billion yuan, making them the largest
00:31external investors. DeepSeek could close its funding round within weeks, though terms and
00:36investors may still change. The investor group reflects China's push to build a self-sufficient
00:42AI industry spanning models and energy infrastructure. For all things money, visit Benzinga.com.
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