DeepSeek raised prices up to 4.5 times and lost no customers.
DeepSeek's annualised revenue has passed $1 billion, double its level a few months ago. Founder Liang Wenfeng told investors that last month's rise, of 2.3 to 4.5 times, did not dent demand. The company aims to close a funding round by the end of October before listing in Shanghai.
Why it mattersDeepSeek's cheap models dragged global prices down, and this is the first firm step back up. Even after the rise it stays among the cheapest options you can build on.
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