DeepSeek seeks to raise $300 million at a $10 billion valuation, significantly lower than leading U.S. AI firms like OpenAI and Anthropic. Their R1 model's low training cost disrupted the market, leading to investor concerns about valuation disparities and revenue potential.

DeepSeek, upon releasing the new model "MODEL1," also updated the FlashMLA code, involving 28 mentions of this model across 114 files, unlike V32. MODEL1 may be a new architecture, with main differences in memory optimization, KV cache layout, sparsity handling, and FP8 decoding.