DeepSeek Aims to Close $7.5 Billion Funding Round by End-October

AI Summary

DeepSeek is targeting to close a $7.5 billion funding round by the end of October as it prepares for an IPO on the Shanghai Stock Exchange, supported by a reported annualized revenue of $1 billion.

DeepSeek is aiming to complete its second funding round by the end of October as it prepares to go public on the Shanghai Stock Exchange, The Information reported on Thursday. The company’s fundraising efforts may be fuelled by a boost in revenue, which has hit $1 billion on an annualized basis. ...