DeepSeek Prepares for IPO

The Chinese AI startup raised $7.4 billion in June. It is now preparing for its IPO in Shanghai to increase investments in infrastructure, AI models, skilled personnel, and its own chips.

The June funding round valued the company at over $50 billion. A new round could raise that valuation to $75 billion.

LATEST: Cathie Wood says Bitcoin is breaking out against GOLD as the BTC-gold ratio reaches 18, its strongest level since January.

The breakout comes even as $BTC slips below $80,000 ahead of the Fed’s rate decision.

Bitcoin has surged 22% over the past month versus gold’s 2%. Yet, Wood says it still has “miles to go” as a global monetary system.

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