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DeepSeek and Ye Shall Find
The company was originally DeepSeeking just $7.5B but “interest outstripped expectations,” and they raised $12B instead
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Top Stories
DeepSeek is raising at least $12 billion in Tencent-backed funding. This would provide the Chinese AI lab with a strong war chest to challenge its better-capitalized rivals in the West. — Bloomberg
OpenAI will invisibly watermark ChatGPT and Codex text in the EU as per new transparency rules. Even modest rewriting sharply weakens detection. — TechCrunch
Uber will acquire workplace-meal marketplace ezCater for $2.3B in cash, as Uber Eats expands into catering. — TechCrunch
Mistral unveiled Le Chonk, a trillion-parameter model that it claims is the strongest open-weight system built outside China. Le Chonk is optimized for coding and cyberdefense, but intended to compete with general-purpose models. — Wired
Reflection AI unveiled Beam, a text-only open-weight model. Beam rivals leading Chinese systems while using 3-4x less inference compute. — TechCrunch
Top Funding Announcements
Type One Energy — The startup, which builds fusion power plants, raised a $200M Series B, ranking it among the world’s top-funded fusion power companies. — TechCrunch
Hadrian — The offensive security platform uses AI to help companies identify exploitable security risks in their systems and prioritize fixes. They raised $40M co-led by Forgepoint Capital International and SmartFin. — Tech.eu
Spiko — The tokenized cash-fund startup raised a $90M Series B, bringing their total funding to $120 million. They now claim around $2.7B in assets under management. — BusinessWire
OpenAI — The AI lab is discussing a $30B pre-IPO funding round, which would value the company at roughly $1.4 trillion. The company experienced a 70% jump in run-rate revenue since July, which has helped them to keep pace with rival Anthropic. — TechCrunch
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