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消息称 DeepSeek 今年前 7 个月营收近 4.75 亿元，达去年全年水平 10 倍_我的网站

A |      8 月 26 日消息，北京时间今天（25 日）下午，据 The Information 援引两名了解 DeepSeek 财务数据的人士消息称，今年前 7 个月，DeepSeek 营收约 4.75 亿元（注：人民币，下同），已经达到 2025 年全年水平的约 10 倍。随着收入迅速增长，DeepSeek 也在全力推进第二轮融资。今年 1 月至 7 月，DeepSeek 净亏损约 7.15 亿元，2025 年全年净亏损为 9.35 亿元。两名知情人士表示，DeepSeek 仍在与现有投资者和潜在新投资者洽谈第二轮融资，目标是募集 500 亿元，对应目标估值 5000 亿元。DeepSeek 目前的收入规模仍远低于 Anthropic 和 OpenAI 等美国 AI 模型开发商，但毛利率已经达到较为健康的水平，关键原因是模型运行成本得到有效控制。    In a brutal act of slaughter in broad daylight, a Hindu shopkeeper was allegedly beheaded by two Muslims in the historical city of Udaipur in Rajasthan.,The deceased had reportedly shared a social media post supporting Nupur Sharma, the suspended spokeswoman of India's ruling Bharatiya Janata Party (BJP) who made disparaging remarks about the Prophet Mohammed during a live TV debate on 26 May.,The killers posted a video of the decapitation and threatened to take the lives of Prime Minister Narendra Modi and Nupur Sharma as well.,State administrators have deployed hundreds of security personnel as protests erupt across the western Indian city. Shops in several parts of the city have been closed since the incident.,State chief Ashok Gehlot promised that those who had been involved in the murder would be strictly punished and appealed to citizens to maintain peace and not share any related videos.,"This is a very worrying incident. It is unfortunate and shameful. There are palpable tensions across the country. The atmosphere needs to be fixed. I appeal to Prime Minister Modi and the Home Minister [Amit Shah] to address the nation and calm the atmosphere," Gehlot said.,The state chief, who is from the opposition Congress party, has said that the atmosphere is so tense that whoever, Hindu or Muslim, is in the minority in number in any small town or village feels "insecure and threatened by the majority".,Udaipur Police have launched an inquiry to find the accused.,Sharma's comments prompted protests and complaints from several Muslim countries, including Qatar and Kuwait. Hundreds of people have been arrested across India during public unrest。DeepSeek 通过提高 AI 基础设施效率等方式，让 AI 系统能够用更少的芯片完成任务。今年前 7 个月，DeepSeek 整体毛利率为 44.6%，API 业务毛利率更达到 82.9%。作为对比，OpenAI 第一季度营收 57 亿美元（现汇率约合 384.01 亿元人民币），毛利率 39%；Anthropic 第二季度营收 115 亿美元（现汇率约合 774.76 亿元人民币），并预计 2026 年毛利率将从 2025 年的 40% 升至 63%。

B | 这些此前未被披露的数据也显示，DeepSeek 最近几个月的增长速度明显加快，此前消息称 DeepSeek 的年化营收已经达到 4 亿至 5 亿美元（现汇率约合 26.95 亿至 33.69 亿元人民币）。

C | 快速增长的营收可能为 DeepSeek 正在进行的融资谈判增加筹码，也利于未来推进 IPO。今年 6 月，DeepSeek 完成了首轮融资，共募集 500 亿元，第二轮融资几乎随即立马启动。DeepSeek 已经聘请投资银行，为明年在上海上市做准备。DeepSeek 的支出也在迅速增加。今年前 7 个月，DeepSeek 在 AI 基础设施方面投入约 110 亿元，主要用于租用搭载 AI 芯片的服务器，以及购买芯片和其他计算设备。2025 年全年，DeepSeek 在这方面的支出仅约 12 亿元。

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