DeepSeek Prepares for $71 Billion IPO Amid Rising Valuation

DeepSeek, a Chinese AI lab, is gearing up for its initial public offering after closing a $7 billion funding round, valuing the company at $50 billion. The lab is now in talks for another round to raise at least 480 billion yuan, approximately $71 billion. According to Bloomberg, DeepSeek is aiming for a minimum of 10 billion yuan, with the final amount possibly being much higher depending on investor interest. The rapid increase in valuation is striking, with a potential $71 billion tag representing a significant jump in a short period. Since opening to external capital in April at around…