DeepSeek’s $74 Billion Mega-Raise Resumes Amid Price Hike Warning

Chinese AI startup DeepSeek is in the process of raising around 50 billion yuan at a valuation of 500 billion yuan (US$74 billion). The funding round, which was initially halted, is expected to be finalized by the end of the month with minimal public disclosure. DeepSeek recently announced a significant increase in API rates, indicating a shift in its pricing strategy. The resumed fundraising initiative comes on the heels of DeepSeek’s first external raise in June, where it secured $7.4 billion from several major investors at a valuation exceeding $50 billion. The current target valuation represents a significant premium over…