Kuaishou Technology secured $2.79 billion in funding for its AI subsidiary, Kling AI, aiming for a $15 billion valuation. Tencent invested $200 million in the round, which included 21 other investors, diluting Kuaishou's stake to 68%. Kling AI focuses on AI-driven creator tools and has reached over 60 million creators globally since its June 2024 launch. This move highlights Kuaishou's push into AI video technology amid strong competition in China’s short-video market.
FREELANDER has completed a global validation program for its FREELANDER 8 model, involving over 1,000 test vehicles across 50+ road types worldwide. The tests covered extreme conditions including deserts, rocky terrain, and heavy rain, ensuring durab...
A Polymarket contract shows a 63% probability that Bitcoin's price will fall to $80,000 during the rest of October, as of October 11. This probability increased by 13% over the previous week, indicating growing market expectations of a price decline....
Shiba Inu (SHIB) experienced a net outflow of about 27.3 billion coins from exchanges in the last 24 hours, indicating more holders are withdrawing rather than selling. The price is currently near $0.00000541, with key resistance at $0.00000560 and s...
SUI traded near $1.10 on Oct. 11, down 1.65% in 24 hours due to increased selling and weaker short-term momentum. It stayed below key short-term moving averages but above longer-term averages, indicating mixed signals. Futures open interest on Binanc...
The XRP Ledger has processed over 13 million AI-powered payments using the x402 protocol, with 168 registered merchants participating. This milestone reflects rapid growth since July, when the network first crossed 1 million such transactions. Automa...
