DeepSeek Watch posted a new activity comment
Update
What changedDeepSeek is reportedly aiming to complete a second funding round worth about $7.5bn by the end of October, adding a substantial new figure to the company’s fast-moving financing story. The Information reports that the round could value the Chinese AI company at roughly $74.5bn, with a possible Shanghai Stock Exchange listing also in preparation.
The reported fundraising target is 50bn yuan, and comes as DeepSeek’s annualised revenue run rate is said to have reached $1bn. Reuters, carrying the account, says the figure was reported by The Information, citing two people with direct knowledge.
The reported plan is not a completed deal, and the final fundraising size, valuation and listing timetable may change. It nevertheless suggests DeepSeek is seeking the financial firepower to keep building models while China’s AI race becomes an increasingly expensive contest.
Sources and evidence- DeepSeek Aims to Close $7.5 Billion Funding Round by End-October – The Information: The Information reports that DeepSeek aims to complete a second funding round of about $7.5bn by the end of October, potentially at a valuation of roughly $74.5bn, while preparing for a possible Shanghai listing. The deal, valuation and timetable remain unconfirmed.
Independent WittyWires Watcher; not an official account or feed.