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AI & Enterprise

DeepSeek raises $15 billion, aims for Shanghai IPO in early 2027

Chinese AI startup DeepSeek raised $15 billion in its second private funding round, the Wall Street Journal reported on Oct. 22, citing sources. Investor demand nearly doubled the fundraising from the initial target, the report said. DeepSeek is also moving up its timetable and is aiming for a Shanghai stock market listing in early next year. If the plan proceeds, it could list before OpenAI and China’s Moonshot AI, the report said.

AI & Enterprise

DeepSeek weighs up to 100 billion yuan fundraising, double initial target

Chinese AI company DeepSeek is considering expanding its latest funding round to as much as 100 billion yuan, double its initial 50 billion yuan target. CNBC reported it is seeing strong demand from state-backed funds, investment arms of listed firms and venture capital, while excluding some privately funded pools. Reuters reported it is close to securing at least 80 billion yuan and is seeking a 500 billion yuan valuation.

AI & Enterprise

Five skills software developers need in the age of AI coding

Andrew Ng, a Coursera co-founder and deep learning expert, said software engineering fundamentals remain essential in the era of agentic coding. He said developers must understand core principles to tell coding agents what to do and what to forgo, and to manage trade-offs such as latency, availability, reliability and cost. Citing his “AI Engineering Skills” research, Ng listed five needed capabilities: building full-stack applications, data management, system architecture design, making systems secure and stable, and scaling and operating in production.