DeepSeek hits $1B annualized revenue, targets $7.5B raise at $70B valuation
快鲤鱼 · wechat · 2026-09-24
Daily brief highlights: DeepSeek's annualized revenue run-rate has reached $1B (under $500M months ago), driven by API price hikes of 2.3-4.5x with no reported churn. Founder Liang Wenfeng disclosed a second funding round targeting $7.5B (50B yuan) at a 500B yuan valuation ahead of a potential Shanghai listing; 70%+ of compute goes to training, and lightweight models reportedly run stably on gaming GPUs. Also: Tencent's QClaw agent service will shut down Dec 24, 2026, with migration to WorkBuddy; ByteDance denied rumors of major Doubao layoffs, calling it a reassignment affecting 11 of <50 staff; Anthropic's CEO said AI could cure most major diseases within a decade, citing a Claude-discovered molecular machine possibly representing a new gene-editing mechanism; JD.com's Double 11 starts Oct 12 with expanded AI merchant tools; and Alibaba DAMO Academy released DAMO EAGLE, an esophageal cancer model detecting early lesions from non-contrast CT scans, validated on 80K+ cases across 3 countries.
Related event: DeepSeek Hits $1B ARR, Targets $70B Valuation in New Funding Round(11 posts)→
More from Venture
- UK chip start-up Fractile hits $7bn valuation, per FT — evisoft · 2026-11-11
- AMAT reports Thursday: DRAM hits 26% of tool sales, outlook is the real signal — tengyanAI · 2026-11-11
- Amazon's $ANT stake and notes could equal 13-16.5% of its own market cap — RihardJarc · 2026-11-11
- Leaked guidance: $52.5B in 2026, $140B by 2027 and $280B by 2028 — zephyr_z9 · 2026-11-11
- Anthropic reportedly guiding $140B revenue for 2027 and $280B for 2028 — zephyr_z9 · 2026-11-11
- Anthropic's $26B IPO private placement: seven suppliers buying in, AMD deal tied to GPU delivery — demian_ai · 2026-11-11