DeepSeek's annual revenue hits $1 billion as the company wraps up a $7.5 billion round at a valuation of about $75 billion
Prepared by Sintelligent with the help of SI. Publication time restored from the build log. . Updated: .
The Chinese lab famous for being cheap has proved it can make money, and the West gets a financially strong rival.
Revenue doubled within a few months, largely thanks to API price increases of 2.3 to 4.5 times, after which demand did not fall, according to Liang Wenfeng. The round of 50 billion yuan at a valuation of 500 billion yuan is due to close by the end of October. DeepSeek spends more than 70% of its compute on training and less than 30% on serving users; for a possible listing on the Shanghai STAR Market, the company has hired CITIC Securities.
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