DeepSeek Raises $74 Billion and Warns of Price Increase

Chinese AI startup DeepSeek is in the midst of a major funding round, aiming to raise approximately 50 billion yuan at a valuation of 500 billion yuan (US$74 billion). The funding round, which recently resumed, had initially been put on hold but is now expected to be finalized by the end of the month in a discreet manner. The company has issued a warning to developers about an upcoming price hike, stating that API rates will significantly increase across the board. The funding round restart comes shortly after being shelved for about two weeks. DeepSeek’s first external raise in June…