Kling AI Secures $2 Billion in Funding as Kuaishou Spins Off Rapidly Expanding Unit

Kling AI, the video generation arm of Chinese tech giant Kuaishou, has successfully raised $2 billion in its initial venture capital round. The investment round remains open, with the total funding expected to reach around $3 billion. This influx of capital could reduce Kuaishou’s ownership in Kling AI to approximately 68%, signaling a significant move for the company’s fastest-growing business sector.