DeepSeek reportedly seeking $1.5B ahead of 2027 IPO

DeepSeek is said to be in talks to raise about $1.5 billion at a $71 billion valuation, as the Chinese large language model developer prepares for a planned 2027 IPO.

Why it matters: Would be one of the largest funding rounds for a Chinese AI lab, underscoring DeepSeek's rise as a global competitor.