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Kuaishou Plans to Spin Off Its Keling AI Business; Pre-IPO Valuation Could Reach $20 Billion
Svmuuis a social media giant Kuaishou is planning to spin off its AI video generation business "Kling AI," and seeks to complete independent financing before an IPO next year. It is reported that Kuaishou has engaged in pre-IPO fundraising talks with potential investors, with Kling AI's valuation potentially reaching $20 billion. Kling AI specializes in AI video generation model research and development and currently competes with similar products from companies such as ByteDance, Google, and Alibaba. (The Information)
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