DEEPSEEK REVENUE DOUBLES AS IT FINALIZES $75 BILLION VALUATION DeepSeek’s annualized revenue has reached ~$1B, up from less than $500M just a few months ago, as the company works to raise $7.5B at a $75B valuation by the end of October. The company is also preparing for a Shanghai IPO. DeepSeek raised API prices by 2.3x-4.5x last month but reportedly saw no decline in its customer base. Its API business generated an 82.9% gross margin in the first seven months of the year. More than 70% of DeepSeek’s compute is still being allocated to model training, with less than 30% used for inference. Source: The Information

DeepSeek has completed a $7.5B funding round at a $75B valuation, while annualized revenue has reached ~$1B, more than doubling from just a few months ago. Source: The Information

DeepSeek CEO Liang Wenfeng told investors that using more domestic chips for AI training is now a major priority, with Huawei expected to begin deliveries as early as Q4. Note: DeepSeek is training a 2T-parameter model and plans to eventually build an 8T-parameter model.