DeepSeek Rival’s Chinese Backer Monolith Raises $289 Million

Monolith Management, which backed DeepSeek-rival MoonShot AI, has raised about $289 million as it seeks to invest in more companies in the country’s artificial intelligence space.

By Lulu Yilun Chen, Zheping Huang, Echo Wong · Bloomberg Markets

Monolith Management, which backed DeepSeek-rival MoonShot AI, has raised about $289 million as it seeks to invest in more companies in the country’s artificial intelligence space.