Seeks Billion

• Chinese AI developer DeepSeek is preparing for an initial public offering (IPO) potentially occurring later this year. • The company is targeting a valuation of approximately $71 billion and is seeking to raise $1.5 billion in capital. • This move represents a major market test for the LLM developer following a period of rapid funding growth.

• Chinese AI lab DeepSeek is reported to be preparing a 6 billion euro external funding round as it tries to stay competitive in the global model race. • The fundraising would be one of the largest recent AI capital raises, reflecting continued investor appetite for frontier-model developers even as costs and compute needs surge. • The move matters for U.S. technology markets because capital flows and model competition remain tightly linked across American and Chinese AI ecosystems.

• The Pentagon is requesting more than $200 billion in additional funding from Congress to sustain the US-Israeli military campaign against Iran, which has been ongoing for approximately three weeks with thousands of strikes. • The funding request aims to urgently increase production of weapons that have been heavily expended during the intensive air campaign, according to the Washington Post. • Lawmakers from both parties are demanding detailed justification before approving the massive expenditure, with some questioning why the administration is requesting such funds if the conflict is expected to end soon.