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General Atlantic wants to back China’s Kling AI at $18bn. Beijing is telling its AI firms to refuse US money.

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A US Investor’s Move into China’s AI-Video Sector

A US investor aims to invest in China’s most prosperous Artificial Intelligence (AI)-video firm, Kling AI, part of the Chinese tech conglomerate Kuaishou. According to Bloomberg, General Atlantic is in negotiations to lead Kling’s initial external funding round. The company seeks over $2 billion at a staggering valuation of $18 billion.

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