⚡️ DeepSeek is raising $12B+ and blowing past its own target

It wanted about 50B yuan, now it's at 80B and could hit 100B. Tencent and CATL (yes, the battery company) are writing the biggest checks, with an IPO penciled in for early 2027.

The lab that started as a hedge fund side project now needs a bigger vault than most of the US labs.