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OpenAI, Google and Anthropic Join Forces to Set AI Safety Standards
Colombia: Ecopetrol retoma petróleo, gas y planes de fracking
Bond Selloff Deepens After 30-Year Yield Hits Highest Since 2004
French President Macron Criticizes Potential U.S. Diesel Export Ban
Key Senators Say They Want More on F-35 Parts Diverted to China
Numeral Secures $100 Million in Series C Funding
French President Macron Accuses Russia of Increasing Hostile Actions Against Europe
US Military Coordinates Protection for Vessels in Strait of Hormuz
U.S. stocks end flat as traders grapple with hawkish Fed, surge in oil and yields
Akamai lands $11.6 billion Anthropic deal, shares soar
S&P 500 ends near flat as investors focus on US-Iran war
AI Companies and World Leaders Race to Write Safety Rules
Jeff Bezos’ Blue Origin Is Fueled With $30 Billion of His Fortune
Israeli Prime Minister Netanyahu Criticizes Western European Leaders Over Anti-Semitism
U.S. Treasury Accepts $4.08 Billion in Buyback Offers
U.S. Administration Proposes Voluntary Diesel Export Reductions
Colombia Names New Ecopetrol CEO to Revive Oil, Fracking Ambitions
SoftBank pays steep price for record bond sale to fund OpenAI bet
India’s Akasa in Talks With Boeing to Order 200 737 Max Aircraft
Long-Term Treasury Yields Driven by External Forces, Says CIFC
Muni 30-Year Yield Exceeds 5%, Highest Since at Least 2011
Israeli Prime Minister Netanyahu Denies Genocide Accusations in Gaza
Chris Malone Joins NVIDIA After Tenure at OpenAI
Oil prices settle up about 3% as Houthi attack on Saudi Arabia lifts supply fears
Banxico holds benchmark rate at 6.5% as core inflation proves sticky
Morgan Stanley Asia deals leaked in missent email attachment
Revolut Customers Affected by Recent Data Breach at DriveWealth
AI Breach Highlights Cybersecurity Concerns in Australia
Israeli Prime Minister Netanyahu Accuses Qatar of Indoctrination Efforts
Insurance Regulators Defend State-Led Model in Reply to Warren
France to Send Military Aid, Troops to Defend Saudi Oil Port
Pioneer founder Scott Sheffield says Exxon ‘set him up’ after $60bn takeover
Israeli Prime Minister Netanyahu Accuses Foreign Nations of Funding False Narratives
Federal Reserve Officials Indicate Potential Rate Hike Amid Persistent Inflation
Natural Gas hits RSI 83.8 in parabolic surge: Live levels
Brent Oil double-top at $109.97 risks drop to $98.80: Live
Bank of Mexico keeps rates on hold, tweaks its forward guidance
BP Considers $2–5 Billion Acquisition in U.S. Shale Market
OpenAI Brings in Patreon’s Founders to Build a Creator Business
Iran's President Seeks US Deal Before Midterm Elections
Kalshi Raises Forecast for Federal Reserve Rate Hikes
Why is TransAlta stock sliding today?
Workday Expands Payroll and Verification Ecosystem Through Cash App and Experian Integrations
Israeli Prime Minister References Communication Device Amid Hezbollah Tensions
Javier Milei Wants a Cybertruck, Defends Argentines Buying Chinese Cars
Banxico Holds Key Rate Steady at 6.5% as Price Pressures Persist
Fed Unveils More Stablecoin Plans As Regulators Embrace Crypto
Meta Shares Surge as AI Assistant Muse Drives Market Momentum
Conservative Outlets Offer Trump Feed While White House TV Pool Is Suspended
US Federal Reserve proposes new stablecoin rules
France to Send Military Aid, Troops to Protect Saudi Oil Plant
U.S. Engages China Over Allegations of Nuclear Testing
French President Macron States CIA Has Not Warned About Russian Threats
Alaska Air expects Boeing 737 MAX 10 certification by end-September
Amazon Lets Merchants Add Free Prime Delivery to Their Own Websites
U.S. Administration Raises Concerns Over China's Suspected Nuclear Tests
Israel's Netanyahu Claims Support for Nations Amid UN Assembly Walkout
Stocks Waver as Oil Rally Triggers Bond Volatility: Markets Wrap
Diplomatic Walkout Marks Netanyahu's UN Speech
Wall Street dips as investors focus on US-Iran war
Ecobank Earmarks $2.6 Billion for Women and Agriculture by 2030
OpenAI-Linked AI Agents Attempt Unauthorized Access to Websites
U.S. Energy Secretary Engages Refiners on Diesel Export Restrictions
Ford Poised to Be Overtaken by Surging Hyundai in US Sales
AI-Generated Medical Coding Adds Nearly $1 Billion to Blue Cross Costs
New York State Files Lawsuit Against Polymarket for Illegal Gambling
Xi Jinping Begins State Visit to the United States, Trump Highlights Friendship
U.S. stocks muted as traders grapple with a hawkish Fed, surge in oil and yields
US senators delay effort to permanently ban Chinese cars
DeepSeek Doubles Annual Revenue Run Rate to $1 Billion Ahead of IPO
DeepSeek more than doubled its annualized revenue run rate over the past few months, bringing the rate to $1 billion, The Information reported Wednesday (Sept. 23), citing unnamed sources.
The figure was shared with investors by DeepSeek CEO Liang Wenfeng, according to the report.
Wenfeng told investors that demand for DeepSeek’s was not impacted by last month’s price hike, per the report.
The report said that DeepSeek raised the prices of its models by 2.3 to 4.5 times, but that the company’s prices remain among the lowest for major AI models.
Wenfeng’s announcement of the annualized revenue run rate figure came as DeepSeek is finalizing its second funding round and preparing to go public on the Shanghai Stock Exchange. In the funding round, DeepSeek aims to raise 50 billion yuan (about $7.5 billion) at a valuation of 500 billion yuan (about $75 billion), according to the report.
DeepSeek did not immediately reply to PYMNTS’ request for comment.
The Information reported Aug. 26 that DeepSeek’s revenues had jumped by around tenfold since 2025. The company generated roughly 475 million yuan (about $70.7 million) in the first seven months of the year, or about 10 times its revenue for all of last year, the report said, citing unnamed sources.
DeepSeek first came to prominence in early 2025 when it launched an AI model that shook Silicon Valley and Wall Street. That model offered performance comparable to that of U.S. rivals while using far fewer Nvidia chips.
When DeepSeek announced its price adjustment in August, Bloomberg reported that the company was adding peak-hour pricing for its flagship V4 models that would quadruple the levels that were in place at that time. The report said that DeepSeek’s new prices remained lower than those of its main competitors.
The Financial Times reported in June that soaring AI costs had created an opening for Chinese AI labs that are able to charge less than the U.S. companies due to their more efficient models and China’s lower energy costs. Companies are looking to better manage their use of AI after seeing the costs of the technology rise, the report said.
Source: PYMNTS.com