AI Summary

DeepSeek, a China‑based large language model developer founded in 2023, is preparing for a 2027 IPO that could move forward as early as the end of 2026. The company is reportedly seeking to raise about $1.5 billion at a valuation near $71 billion, following a $7 billion funding round a month earlier that valued it at roughly $50 billion. DeepSeek gained attention last year for AI technology that was more efficient and cost‑effective than U.S. competitors, and its popularity has surged. In June, its enterprise‑focused AI gateway Vercel processed nearly 23 % of all tokens handled by the platform, compared with 32 % for Anthropic.

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