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[Kuaishou Plans to Spin Off Kling AI Business, Valuation Could Reach $20 Billion Before IPO] Odaily Planet Daily reports that social media giant Kuaishou is planning to spin off its AI video generation business, Kling AI, and aims to complete independent financing before its IPO next year. It is reported that Kuaishou has already begun Pre-IPO financing negotiations with potential investors, and Kling AI's valuation could reach $20 billion. Kling AI focuses on the development of AI video generation models and is currently competing with similar products from companies such as ByteDance, Google, and Alibaba. (The Information)