Woofun AI reports that DeepSeek’s annualized revenue has reached between $4 billion and $5 billion, primarily derived from enterprise and developer API usage. The V4 API maintains a gross margin exceeding 50%, achieved through infrastructure optimization that reduces chip requirements despite lower pricing than competitors. The company is preparing a $74 billion funding round at a $71 billion valuation, aiming to attract overseas investors from regions such as the Middle East with USD-denominated investments. DeepSeek has not yet responded to these reports.