DeepSeek weighs IPO as Zhipu embraces AGI

DeepSeek is considering an IPO this year following a $52 billion valuation from its first financing round, while Zhipu and MiniMax have embraced frontier AI research over consumer apps, shifting China's AI industry focus. Goldman Sachs analysts note a transition from DeepSeek's low-cost open-source model to Zhipu's strategy of investing in advanced research.