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Strong revenue growth at DeepSeek is empowering the Chinese open-source AI star to raise its second-funding round of 50 billion yuan ($7.4 billion) and plot a potential public offering in Shanghai next year, according to three people with knowledge of the matter.
The three-year-old startup’s annualized revenue reached between $400 million and $500 million recently thanks to sales of cloud-based access to its AI models through an application programming interface, the three people said.
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