Timeline
DeepSeek-V4 achieves 500K context with 90% less KV cache using FlashMemory
DeepSeek raises ~$6.9B at $48-55B valuation in first external funding round
DeepSeek raised $6.9B at $48-55B valuation in its first external funding round.
DeepSeek tops Ramp's US business spending index for trending software vendors
Alibaba and Nanjing University published paper claiming 9.36X speedup for million-token prefill
Launched DeepSeek-R1 large language model, causing $1 trillion market valuation shift
DeepSeek valuation jumps from $20B to $45B in first VC round led by China state fund.
Launched first external partnership for Qwen AI app with China Eastern Airlines for flight booking integration
Released Qwen3.6-27B, a dense 27B parameter model that surpasses its previous 397B MoE model on coding benchmarks.
Researchers developed DCW (Diffusion Correction in Wavelet domain), a method to fix SNR-t misalignment bias in diffusion models, improving performance for models like FLUX and EDM.