DeepSeek has successfully retained 97% of its core research and engineering team despite intense competition for AI talent. During the development of DeepSeek V4, only 10 out of approximately 270 team members departed, resulting in a turnover rate of less than 4%. This retention rate is notably low compared to industry standards, where companies like OpenAI have experienced much higher turnover. Amidst rumors of fundraising, DeepSeek's valuation is reportedly exceeding $10 billion, with potential discussions involving major players like Tencent and Alibaba. However, no official confirmation has been made. The company recently increased its registered capital, with Liang Wenhong's direct ownership rising significantly, clarifying the equity structure ahead of potential financing. DeepSeek's strategic approach contrasts with typical tech company trajectories, opting for a slower, more deliberate pace in product development and market entry. The release of DeepSeek V4, compatible with domestic AI chips, has sparked interest and demand in the secondary market, particularly for Huawei's Ascend 950 series, indicating a shift in the competitive landscape.