DeepSeek raises $15.9B in record China funding round

Global venture funding reached $59 billion in October, a 45% increase from the previous year, driven largely by a record-breaking $15.9 billion funding round for Chinese artificial intelligence lab DeepSeek. Investment heavily concentrated in the U.S. and China, with seven companies securing billion-dollar rounds that accounted for over 40% of the month's total funding. Open article →