OpenAI, DeepSeek & Moonshot Chase Billions in New AI Funding
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A flurry of funding announcements is highlighting the huge sums still pouring into artificial intelligence. Bloomberg has learned OpenAI is seeking $30 billion, with UAE investment funds including MGX in talks to help anchor the round. DeepSeek is close to raising at least $12 billion in its latest funding round, while Bloomberg has learned Moonshot AI has completed its final private funding round at a valuation of about $50 billion ahead of a planned Hong Kong IPO. Billionaire Ray Dalio warned that Treasuries are vulnerable to a pullback of demand from China and Japan, two of the US’s largest foreign creditors, highlighting a potential pain point for a market that has endured wild swings this year. French presidential candidate Marine Le Pen, head of the far-right National Rally, proposed bringing the country’s deficit below 3% of GDP by 2032 at the latest in an ambitious new fiscal plan. Le Pen’s seeking to reassure investors as concerns over the country’s political outlook and sp
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