Sources: DeepSeek is fundraising to keep its researchers, some of whom have left for rivals whose valuations have soared; it is targeting a $20B valuation (Zijing Wu/Financial Times)

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Zijing Wu / Financial Times:Sources: DeepSeek is fundraising to keep its researchers, some of whom have left for rivals whose valuations have soared; it is targeting a $20B valuation  —  Chinese AI start-up is raising funds for first time to keep researchers after several defections to rivals