DeepSeek launches V4.1-Flash, its smallest model in a new architecture family, as the Chinese AI startup prepares for a Shanghai STAR Market IPO.

The Hangzhou-based AI startup aims to begin the listing process this year, though deal size and valuation remain undetermined

V4.1-Flash arrives as Chinese developers increasingly compete on both frontier performance and cost efficiency

DeepSeek launches V4.1-Flash, its smallest model in a new architecture family, as the Chinese AI startup prepares for a Shanghai STAR Market IPO.