DeepSeek, Moonshot and OpenAI race to raise billions: The global fight for AI capital
DeepSeek is close to securing about $12 billion in new funding from investors including CATL and Tencent, setting the stage for a potential IPO, while Moonshot AI is reportedly weighing a raise at a $50 billion valuation ahead of a Hong Kong listing, both according to Bloomberg. At the same time, OpenAI is reportedly seeking at least $30 billion in a new round anchored by Abu Dhabi’s MGX. Yahoo Finance Host Julie Hyman, Breaking Business News Reporter Jake Conley and Senior Autos Reporter Pras Subramanian break down the US-China race for AI capital, DeepSeek’s data center buildout on Huawei chips, and what all that competition for capital could mean for Treasury auctions and the Fed.
Watch The 8:30 live weekdays 8:30-9:30am ET.
00:00 DeepSeek nears $12 billion in new funding, per Bloomberg
00:33 Moonshot AI eyes a Hong Kong IPO
01:16 OpenAI’s new funding round
02:05 DeepSeek builds data centers on Huawei chips
03:17 The competition for capital
04:01 What it means for the Fed and the Treasury
#AI #DeepSeek #OpenAI #YahooFinance
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