DeepSec's annual revenue doubles to billion

Chinese AI company Deep Sec has achieved a major breakthrough in its revenues, reaching around one billion dollars annually after being less than 500 million dollars just a few months ago. This reflects significant growth in sales of AI model access services and positions the company as a market leader amid strong competition from American firms. This increase is the largest in the company's history and comes at a time of growing investments, as it completed a secondary funding round amounting to approximately 7.4 billion dollars, with a post-funding valuation estimated at around 66 billion dollars. The company plans to pursue new funding rounds and may consider going public in the Shanghai market, despite recording net losses due to infrastructure development costs and hiring engineers.

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