DeepSeek reportedly raises $15 billion ahead of potential Shanghai IPO

DeepSeek has completed a $15 billion private funding round, nearly doubling its initial target following strong investor demand, The Wall Street Journal reported on October 22, citing people familiar with the matter. The Chinese AI developer is also accelerating preparations for a potential Shanghai listing early next year, according to the report. The financing would provide additional capital as DeepSeek expands its model development and computing infrastructure.