Kuaishou Plans to Split Kual AI for Independent Funding, Valuation Reaches $20 Billion on Track for Next Year's IPO
Kuaishou plans to spin off its AI video generation business, Kling, into an independent entity before its 2026 IPO to capitalize on the global AI boom. Kling, which launched in 2024 and generates HD videos from text and images, is now in Pre-IPO funding talks with a valuation of around $20 billion, serving as a core product in Kuaishou's AGI strategy.....