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.

Released V4-Pro and V4-Flash open-weight models with up to 1.6 trillion parameters

Released DeepSeek-V4 with 1M-token context at 10% KV cache cost

Initiates first external fundraising round, targeting at least $300M at a $10B+ valuation to set a benchmark for employee stock options.

Delays to DeepSeek-V4 model due to Huawei Ascend chip compatibility work

A new, unidentified ~100B parameter model appeared on the OpenRouter API platform, sparking speculation about its origin.

Platform hosts models from major AI companies including OpenAI, Anthropic, Google, and Meta.