DeepSeek could reportedly file for an IPO as soon as this year, joining its rivals in capitalizing on investor enthusiasm for low-cost Chinese tech.
The AI powerhouse is also considering raising new funds, weeks after completing its first financing round that valued the company at $52 billion. Other Chinese AI labs, including Zhipu AI and MiniMax, have gone public in recent months, and American competitors OpenAI and Anthropic are planning a similar move.
DeepSeek upended the industry last year with its cheap and effective open-source model, but Chinese AI is moving from the “DeepSeek moment” to the “Zhipu moment,” Goldman Sachs analysts wrote, as Zhipu focuses on building artificial general intelligence instead of “short-term monetization from AI applications.”