DeepSeek reaches $1 billion in annualized revenue, The Information reports
The figure doubles the less than $500 million of a few months ago. According to the outlet, DeepSeek is finalizing a $7.5 billion round and preparing to list on the Shanghai Stock Exchange.
The Information cites two people with direct knowledge of the matter. According to them, growth comes from a recent price increase and the popularity of its models, and CEO Liang Wenfeng shared the figure at a meeting with investors. DeepSeek aims to complete the round by the end of October. Reuters also reported the figure, citing The Information.
Sources: The Information · Reuters