The Chinese startup lowered API prices for its DeepSeek-V4-Pro model to a fraction of OpenAI’s rates, intensifying the global AI pricing war as it seeks fresh capital at a reported 300 billion yuan valuation

DeepSeek is raising up to $7B at a potential $50B valuation, with state-backed Chinese funds leading the round as the AI lab focuses on open-source AGI research.

DeepSeek permanently reduces its flagship AI model pricing by 75%, enhancing competitiveness in the crowded AI market.

DeepSeek did not disclose whether the permanent price cut was due to increased supply of Huawei's Ascend 950 chips, which it used to maximize V4's performance.