AIThe Next Webabout 2 hours ago
Kling AI raises two billion dollars
1 min read
Chinese tech company Kuaishou spun off its Kling AI unit to raise an initial two billion dollars in venture capital funding ahead of a planned 2027 IPO. Tencent joined the round, valuing the video generation business at roughly eighteen billion dollars post-money while annual recurring revenue reached five hundred million dollars.
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