AI Startup DeepSeek Nears $74 Billion Valuation With CATL Onboard

DeepSeek's valuation just jumped 48% in a few months, and the names writing the checks aren't your usual VC suspects. Batteries, state funds, and an IPO whisper campaign are all in the mix. So — genuine breakthrough or the new cost of admission to the AI arms race?

Aug 28, 2026

•

4 min read