China's DeepSeek is raising fresh capital at a $74 billion valuation ahead of an onshore IPO, cementing its position as a $100B+ AI inference player.

China's DeepSeek is raising fresh capital at a $74 billion valuation ahead of an onshore IPO, cementing its position as a $100B+ AI inference player.

Validates the scale of Chinese AI inference demand independent of US chip exports; signals that inference specialization and cost leadership can command hyperscaler-tier valuations.