DeepSeek Nears $500M in Annualized Revenue as New York Halts New Data Centers

A cluster of developments this week underscored the widening reach of the AI boom, from a surging Chinese model maker to the first statewide freeze on the data centers that power the industry. According to reporting from The Information, Chinese AI startup DeepSeek has seen its annualized revenue climb toward roughly $500 million, while New York became the first U.S. state to impose a moratorium on new hyperscale data centers.