China’s Kling AI Raises $2 Billion to Expand AI Video

The Chinese video generation startup Kling AI has secured 1 billion yuan, or approximately $140 million, in a recent funding round led by state-backed investors. This capital injection aims to accelerate the development of its generative video technology as the company seeks to compete with global rivals like OpenAI. While the reported $2 billion valuation reflects strong investor interest in domestic AI capabilities, the company remains focused on scaling its infrastructure to improve video quality and processing speeds.