DeepSeek Reaches $1 Billion Revenue Run Rate as It Seeks $7.5 Billion Round

DeepSeek's annualized revenue run rate has reached $1 billion, more than doubling in recent months as the Chinese AI developer prepares a $7.5 billion fundraising at an approximately $75 billion valuation. The jump, reported as the company readies a Shanghai listing push, turns one of the best-known open-weight model labs into a test of whether low-cost model access can fund frontier-scale AI development.