China's DeepSeek Prepares Domestic IPO as US Accuses It of AI Model Theft

China's AI startup DeepSeek is preparing for a domestic listing and has tapped CITIC Securities for its domestic IPO, according to sources. At the same time, the United States has accused DeepSeek, Alibaba and other Chinese AI firms of systematically siphoning AI models and engaging in large-scale distillation. The US says these companies have systematically taken AI models. The headlines focus on DeepSeek's planned IPO and the US accusations against Chinese AI firms.