[DeepSeek Secures $1.8 Billion in Funding, Valued at Approximately $20 Billion] According to *Caijing* magazine, AI large model company DeepSeek is in talks with Tencent and Alibaba for funding. The two investors are expected to jointly invest $1.8 billion, with this round of funding valuing the company at approximately $20 billion. The deal structure has not yet been finalized, and none of the three parties—DeepSeek, Tencent, or Alibaba—have publicly confirmed the news. Industry insiders revealed that the primary reason for DeepSeek opening up for funding is the recent severe talent drain, with several key researchers leaving the company to join ByteDance, Tencent, Xiaomi, and Yuanrong Qixing. Competitors such as Zhipu Technology and MiniMax have already gone public on the Hong Kong Stock Exchange, while Dark Side of the Moon has completed three consecutive funding rounds in the first three months of this year, with its valuation more than quadrupling compared to the end of last year. Tencent and Alibaba's investment in DeepSeek could potentially diversify risks in the AI sector and deepen collaboration between models and products.