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May 23, 2026 · Industry Insights

DeepSeek Secures $10B Funding and Slashes API Prices by 75%

DeepSeek announced a permanent 75% API price cut, positioning its rates below GPT‑5.5 and Claude Opus 4.7, while simultaneously raising up to $10 billion in financing and launching a new Harness team to productize its V4 Pro model for developers.