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Kling AI Spins Out at $18B Valuation

Kuaishou is spinning out its Kling AI video-generation model into a separately financed company, attracting investment from Tencent, Alibaba Cloud, Baidu, and other institutions at an implied valuation of $18 billion. Kling has surpassed 100 million global users and nearly 50,000 enterprise customers, but continues to generate substantial losses because of compute costs.

Tencent Gray-Tests Flagship Hunyuan Hy4

Tencent Gray-Tests Flagship Hunyuan Hy4

Tencent's Hunyuan Hy4 has reportedly appeared in the model selection list of the Yuanbao app under an expert-level label and with tool-use capabilities. It is positioned above Hy3 and alongside DeepSeek, following Tencent's recent statement that a larger-parameter Hy4 would launch soon with improved performance and multimodal abilities.

Reddit r/LocalLLaMACommunity9h ago#model-testing#tool-use#multimodal
Anthropic Targets a Record-Breaking IPO

Anthropic Targets a Record-Breaking IPO

Anthropic reportedly expects its IPO to match or exceed SpaceX's record $75 billion raise and could file publicly as soon as the end of this month. The company reportedly recorded an almost $42 billion net loss in 2025, about five times the previous year's figure.

The Next Web (TNW)Media3h ago#ipo#frontier-ai#fundraising
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