The Information said the Chinese AI lab’s recent annualized revenue was driven mainly by enterprise and developer API usage, with V4 API gross margins above 50%.
DeepSeek is reportedly generating $400 million to $500 million in annualized revenue, according to The Information, indicating the Chinese AI lab has moved beyond an experimental product stage into a meaningful commercial business. The report said most of that revenue comes from API calls by enterprises and developers, while DeepSeek’s V4 API posted gross margins above 50%, suggesting relatively high-margin software revenue.