AI
DeepSeek revenue run rate tops $1B as API price hikes lift margins and $7.5B raise looms
DeepSeek's annualized revenue run rate has crossed $1 billion, more than doubling from roughly $500 million reported a few months earlier. The Hangzhou-based lab's API business reached an 82.9% gross margin through July after price increases, while it is considering a $7.5 billion Shanghai raise.