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Tencent

Latest development
Oct 6, 2026
Published intelligence
4
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DevelopmentSources: 2 independent sources

DeepSeek raising $12 billion funding round backed by Tencent and CATL

DeepSeek is reportedly close to raising at least $12 billion in a new funding round backed by Tencent and CATL, according to Bloomberg reporting cited by The Decoder. The AI startup is concurrently preparing for a planned initial public offering in 2027. Claims are as reported; this summary makes no determination about accuracy or significance.

  • High confidence
  • Corroborated

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DevelopmentSources: 1 independent source

Tencent leases 100,000 chips from Oracle

The Financial Times reports Tencent has agreed to lease 100,000 chips from Oracle to accelerate its artificial intelligence initiatives. The agreement grants the WeChat owner access to Oracle's data centres in Southeast Asia amid intensifying competition with rivals ByteDance and Alibaba. Claims are as reported; this summary makes no determination about accuracy or significance.

  • Moderate confidence
  • Limited corroboration

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DevelopmentSources: 1 source

Naive AI raises $400 million reaching $1.4B valuation

Beijing-based AI startup Naive AI has reached a valuation exceeding $1.4 billion after raising $400 million across three funding rounds, with backing from Tencent, according to The Information. Founded in February by a Tsinghua University professor, the company plans to debut an open-weight large language model as early as this month. Claims are as reported; this summary makes no determination about accuracy or significance.

  • Low confidence
  • Unconfirmed

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