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DeepSeek Reportedly Posts Latest Annualized Revenue Surge to USD1B, Set to Complete New RMB50B Funding Round
2026-09-24 15:00:01 DeepSeek CEO Liang Wenfeng disclosed at a recent investor meeting that the company's latest annualized revenue surged to USD1 billion from less than USD500 million a few months ago, thanks to recent API price hikes and persistently strong market demand for its large language models (LLMs), The Information reported. DeepSeek plans to complete a new RMB50 billion funding round before the end of October, targeting a valuation of RMB500 billion. The company is also preparing for a listing on the Shanghai Stock Exchange. Liang said at the meeting that the price increases had not resulted in customer losses, while user demand remained strong. Although the company's revenue is growing rapidly, revenue generation is not DeepSeek's top priority. The company will continue allocating most of its resources to new model R&D, with more than 70% of computing power dedicated to model training. Liang told investors that internal tests showed the company's lightweight models could operate stably on gaming graphics cards, sufficient to handle the vast majority of users' daily tasks. If the company uses gaming graphics cards for inference tasks, it could help ease the shortage of inference computing power. ~ AASTOCKS Financial News Website: www.aastocks.com | |