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