Keling AI has raised nearly $3 billion in funding, with the national AI fund taking a stake

Kuaishou's subsidiary Keling AI has received investment from a national industrial fund. The National Artificial Intelligence Industry Investment Fund has invested 1.4 billion yuan in Beijing Keling, while Charoen Pokphand Robotics has invested approximately 19.29 million USD, equivalent to about 131 million yuan.

This is a follow-up to Keling's nearly 3 billion USD financing plan announced in July. The announcement shows that the upper limit of this round of capital increase, approximately 20.447 billion yuan (about 3 billion USD), has been fully utilized. The National Artificial Intelligence Industry Investment Fund and Charoen Pokphand Robotics will ultimately hold approximately 1.14% and 0.11% of the shares, respectively.

The National Artificial Intelligence Industry Investment Fund involved in this investment has a scale of approximately 60.06 billion yuan and is controlled by the third phase of the National Integrated Circuit Industry Investment Fund.