Chinese AI firm DeepSeek will raise extra capital at a $74 billion valuation before listing on a home stock exchange. The new funding round comes as the company gears up for an home IPO. Earlier, DeepSeek gained visibility for linking to China’s Kimi model. Its rapid progress has raised concerns in US markets over intensifying rivalry. Reports also underscore warnings that American firms were taken by surprise by the speed of China’s advancements. The developments follow prior warnings about China’s Kimi model and its possible threat to America’s AI lead.