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China's DeepSeek annualised revenue run rate hits $1 billion: Report

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China's DeepSeek annualised revenue run rate hits $1 billion: Report

Business News Tech AI China's DeepSeek annualised revenue run rate hits $1 billion: Report

The figure underscores the rapid growth of the AI company that shook the tech industry last year after its models challenged US assumptions about China's AI capabilities. The company is planning to go public soon to fund its expansion.

Chinese AI startup DeepSeek 's annualised revenue run rate has hit $1 billion, more than double from a few months ago, The Information reported on Thursday, citing two people with direct knowledge of the matter. Run-rate revenue shows how much a company would make in a year if it continued performing at its current pace. The figure underscores the rapid growth of the AI company that shook the tech industry last year after its models challenged US assumptions about China's AI capabilities. The company is planning to go public soon to fund its expansion.

45 billion) in an IPO , valuing it at 500 billion yuan, by October-end, ahead of a listing on the Shanghai Stock Exchange, the report added. 5 times, the news outlet said. Reuters could not immediately verify the report. DeepSeek could not be immediately reached for comment. DeepSeek had hired CITIC Securities to prepare for a potential STAR Market IPO, though the timing, valuation and fundraising size remain undecided, Reuters reported this month. The AI firm continues to devote the bulk of its resources to developing new models, allocating more than 70% of its computing capacity to training while reserving less than 30% for inference, or running existing models, Liang told investors, the Information added.


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