China News

Generative artificial intelligence service Kling AI in December recorded more than US$20 million in sales, which corresponded to an annualised revenue run rate (ARR) of US$240 million, according to Chinese operator Kuaishou Technology. That was more than double Kling AI’s US$100 million ARR in March last year, according to a statement on Tuesday from Bejing-based Kuaishou. ARR is a financial metric used to project a company’s 12-month revenue by extrapolating earnings from a shorter period, like...

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