Kuaishou Technology said a consortium of investors including Alibaba and Tencent will inject over ¥19B ($2.80B) into Kling AI, valuing the AI video arm at $15B on a pre-money basis. The funding and stated valuation suggest strong investor confidence in the business despite the lack of details on near-term monetization.
Kuaishou Technology said a consortium of investors including Alibaba and Tencent will inject over ¥19B ($2.80B) into Kling AI, valuing the AI video arm at $15B on a pre-money basis. The funding and stated valuation suggest strong investor confidence in the business despite the lack of details on near-term monetization.
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