DeepSeek is reportedly finalising a $7.5B round

TL;DR

• Dealroom’s 24 September summary of The Information: DeepSeek’s run rate hit $1 billion, up from under $500 million a few months earlier.
• It’s finalising a round reported as $7.5 billion at about $75 billion, targeted for the end of October, and preparing a Shanghai listing.
• Nearly all revenue is API access; the free chatbot earns nothing.