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      DeepSeek Reports Doubling of Annual Revenue to $1 Billion, Plans Major Financing

      DeepSeek, an artificial intelligence company, has announced that its annual revenue has surged to approximately $1 billion, a significant increase from less than $500 million just a few months prior. This growth is largely attributed to the company's model APIs, which have seen price increases ranging from 2.3 to 4.5 times. Despite these price hikes, the company reported that customer demand remains robust, with no decline in the number of clients.

      The company is also preparing for a second round of financing, aiming to raise around 50 billion yuan, which is approximately $7 billion, by the end of October. This financing round is expected to value DeepSeek at about 500 billion yuan. Additionally, the company is gearing up for an initial public offering (IPO) on the Sci-Tech Innovation Board of the Shanghai Stock Exchange.

      In the first seven months of this year, DeepSeek's API business reported a gross margin of 82.9%. The company has indicated that over 70% of its computing power is currently dedicated to training new models, with less than 30% allocated for inference tasks. To optimize resources, DeepSeek is exploring the use of gaming graphics cards for smaller models, while reserving high-end chips for more intensive training processes.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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