DeepSeek plans to raise $1.8 billion in funding, with an estimated valuation of approximately $20 billion

Golden Finance reports that traders have revealed that the main reason for DeepSeek’s recent funding round is due to a serious talent drain recently.
Several core researchers have resigned one after another, joining ByteDance, Tencent, Xiaomi, and autonomous driving company Yuanrong Qixing.
Meanwhile, competitors Zhipu Technology and MiniMax have listed on the Hong Kong Stock Exchange, and Moon’s Dark Side has completed three funding rounds in the first three months of this year, with valuations more than quadrupling since the end of last year.