Private equity firm General Atlantic is in discussions to lead a major new funding round for Kling AI, the generative video unit of China’s Kuaishou Technology, one of China’s fastest-growing AI businesses ahead of a planned IPO, according to a report by Bloomberg.
The report cites people familiar with the discussions as revealing that Kling AI is seeking to raise more than $2bn at a post-money valuation of approximately $18bn. Earlier iterations of the fundraising had targeted valuations closer...
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