Kling AI raises two billion dollars as Kuaishou spins off its fastest-growing business
AI Today Summary
Kling AI, the AI video generation unit spun off from Chinese tech company Kuaishou, has secured two billion dollars in venture funding with potential for more, valuing the company around 15 to 18 billion dollars. The funding round supports Kling's rapid growth and precedes a planned IPO targeted for 2027. Kling competes in the AI-generated video market, serving filmmakers and advertisers, and has seen significant revenue increases recently.
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