In a week when DeepSeek is rumoured to be raising at a $45bn valuation, China's Moonshot AI has raised $2bn at a $20bn valuation.

In a week when DeepSeek is rumoured to be raising at a $45bn valuation, China's Moonshot AI has raised $2bn at a $20bn valuation.

Moonshot's annualized recurring revenue topped $200 million in April, driven by rapid growth in paid subscriptions and API usage.