Source: Tech – South China Morning PostGenerative artificial intelligence service Kling AI in December recorded more than US$20 million in sales, which corresponded to an annualised revenue run rate (ARR) of US$240 million, according to Chinese operator Kuaishou Technology.
That was more than double Kling AI’s US$100 million ARR in March last year, according to a statement on Tuesday from Bejing-based Kuaishou.
ARR is a financial metric used to project a company’s 12-month revenue by extrapolating earnings from a shorter period, like…Read More