Chinese AI firms raise capital ahead of IPOs as US-China AI race heats up

DeepSeek and Moonshot are attracting fresh funding ahead of planned listings, while OpenAI in the US courts major investors.

The race to fund leading AI developers is intensifying amid the two countries' competition for leadership in the technology.

For beginners Companies raise money before an IPO (initial public offering) to fund growth and show the market they have backing from major investors, which can boost the company's valuation when it goes public.