Chinese AI startup DeepSeek raises about 100 billion yuan (roughly $15 billion) in a new fundraising round, according to Bloomberg and echoed by other outlets. The round is described as one of China’s largest for a startup and as a sign that DeepSeek is seeking to compete more directly on a global stage.

The reporting frames the funding as part of DeepSeek’s push to challenge leading US AI labs associated with companies such as Anthropic and OpenAI. One outlet’s headline and description also point to involvement from major Chinese backers, including Tencent and CATL, while the core figure and the “ambitions to go global” theme are consistent across sources.