DeepSeek targets 12 billion dollar pre-IPO funding round

DeepSeek is preparing to raise $12 billion in a pre-IPO funding round, according to recent reports. The company plans to use these funds to expand its data center in Inner Mongolia, where it aims to install 160,000 Huawei accelerators.

Meanwhile, Bitcoin miners are increasingly adopting artificial intelligence contracts, driving new use cases for the BTC network. At the time of reporting, BTC is trading at $85,706.

China is positioning itself as a key player in the global AI and financial management race, with a focus on increasing its influence by 2027.