Kling AI, the Kuaishou AI video generator spin-off, raised $2B at a $15B pre-money valuation and says the round could extend to as much as $3B (Zheping Huang/Bloomberg)

China's Kling AI, a spin-off from Kuaishou Technology, secured an initial venture capital round of two billion dollars at a fifteen billion dollar pre-money valuation. The company plans to use this funding to expand its artificial intelligence video generation operations and potentially raise additional capital up to three billion dollars.