DeepSeek Plans $74 Billion Valuation Ahead of Onshore IPO

Chinese artificial intelligence (AI) startup DeepSeek is gearing up for a fresh fundraising round at a valuation of about $74 billion ahead of a potential mainland initial public offering (IPO), sources revealed. The Hangzhou-based company recently raised $7.4 billion, bringing its post-money valuation to $52 billion, according to filings by two Chinese investors. DeepSeek aims to raise up to $7.4 billion in the upcoming funding round, signaling strong investor interest in the company. The back-to-back fundraising efforts highlight the significant costs associated with AI development, including the need for substantial computing power, data-center capacity, and engineering talent. DeepSeek is also…