Chinese tech giant Kuaishou has introduced its latest AI model, KLING, which can generate video clips from text prompts.

This move is part of Kuaishou's strategy to compete with US rivals in the AI space.

Other Chinese companies like Vidu and Zhipu AI are also developing similar tools.

Kuaishou's strong financial performance in Q1 2024, with a net profit of 4.12 billion yuan, solidifies its position as the second-largest short video app in China.

Kuaishou's AI innovations include KwaiYii and Kolors, with plans to launch an image-to-video feature.

Tencent Holdings is also enhancing its AI models, with the Hunyuan LLM being recognized as one of the best globally.

The rapid evolution of AI video technologies promises exciting developments in the near future.