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DeepSeek’s annualized revenue has reached $1 billion as the Chinese AI startup prepares to raise $7.5 billion at a $75 billion valuation.
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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
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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
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DeepSeek reaches $1B annualized revenue as $7.5B fundraising nears completion: The Information
DeepSeek is training a 2T model (and planning a 8T) exclusively on Huawei Ascend.
The turning point is here.
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.
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DEEPSEEK PRIORITY IS TO USE MORE DOMESTIC CHIPS INFORMATION
DEEPSEEK EXPECTS HUAWEI CHIPS DELIVERY EARLY AS 4Q - INFORMATION
DEEPSEEK BETS ON HUAWEI CHIPS - INFORMATION
deepseek doing a minor version bump of v4 flash
