Kling AI Completes $3 Billion Funding Round with State-Backed AI Fund Investment

Kuaishou's Kling AI has secured investment from the National Artificial Intelligence Industry Investment Fund. The state fund injected 1.4 billion yuan, while Zhengda Robot invested approximately $19.29 million. This marks the final settlement of the $3 billion funding plan announced in July, with the total capital raise now fully subscribed. The state fund and Zhengda Robot hold stakes of approximately 1.14% and 0.11%, respectively. The national fund, totaling 60.06 billion yuan, is controlled by the third phase of the China Integrated Circuit Industry Inv