The restriction follows reports that DeepSeek is preparing for an initial public offering on Shanghai’s STAR Market in Q4 2026 or Q1 2027. With a potential valuation of $75 billion, the company would become the fifth largest entity listed on the exchange based on September 28 market prices.
Tuesday, October 20, 2026
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US Bans DeepSeek AI From Government Systems Ahead Of $75B IPO
AI1 day ago
Civilian government IT staff are now required to uninstall all artificial intelligence tools developed by the Chinese firm DeepSeek across their networks. A notice from the Trump administration prohibits the purchase of any further products related to the developer and mandates the immediate removal of the company's models from all federal agency systems.
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