The same reporting puts its revenue for the first seven months of this year at about $70.7 million. Both can be true. Only one of them is money that came in.
“DeepSeek's annualized revenue run rate has more than doubled in a few months to $1 billion, a figure CEO Liang Wenfeng reportedly shared with investors; TLDR AI headlined it 'DeepSeek $1B ARR'.”
Liang Wenfeng, DeepSeek CEO (to investors, per The Information), amplified by TLDR AI, 23 September 2026
Recorded 26 September 2026. Our ruling means: literally true, materially misleading.
DeepSeek more than doubled its annualized revenue run rate over the past few months, bringing the rate to $1 billion, The Information reported Wednesday (Sept. 23), citing unnamed sources.
Latest update reveals China's AI firm DeepSeek has doubled its annualized revenue run rate to reach $1 billion, up from under $500 million just months ago.
The company generated roughly 475 million yuan (about $70.7 million) in the first seven months of the year, or about 10 times its revenue for all of last year, the report said, citing unnamed sources.
The report said that DeepSeek raised the prices of its models by 2.3 to 4.5 times, but that the company’s prices remain among the lowest for major AI models.
When DeepSeek announced its price adjustment in August, Bloomberg reported that the company was adding peak-hour pricing for its flagship V4 models that would quadruple the levels that were in place at that time.
In the funding round, DeepSeek aims to raise 50 billion yuan (about $7.5 billion) at a valuation of 500 billion yuan (about $75 billion), according to the report.
AI startup DeepSeek has raised more than 50 billion yuan ($7.40 billion) at a valuation exceeding $50 billion in its first funding round, using a structure designed to preserve founder control.
Alongside its booming commercialization, DeepSeek is preparing to close a major funding round targeting 50 billion yuan ($7.5 billion) ahead of a planned Shanghai listing.
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