Kwenzekeni
Ingxenye yevidiyo ye-Kuaishou Technology ye-AI, i-Kling, ikhethe i-China International Capital Corp., i-Goldman Sachs Group Inc., kanye ne-UBS Group AG ukuthi iphathe ukunikezwa komphakathi okungaba khona kokuqala e-Hong Kong. Ngokusho kweBloomberg, isivumelwano sihlose ukuqoqa okungenani ama-dollar ayizigidi eziyizinkulungwane eziyi-1, nosuku oluhlosiwe lokufakwa ohlwini ngokushesha nje ngo-2027.
I-Bloomberg yabika ngo-Okthoba 6, 2026, ukuthi insizakalo yevidiyo ye-Kuaishou Technology ye-AI, Kling, ihlanganyele ne-China International Capital Corp., Goldman Sachs Group Inc., kanye ne-UBS Group AG ukuze ihlinzekele umnikelo wokuqala wase-Hong Kong. Lo mbiko, ucaphuna abantu abajwayelene nalolu daba abacele ukungadalulwa ngenxa yokugcinwa kuyimfihlo kolwazi, uthe i-IPO kulindeleke ukuthi iqoqe okungenani u-$1 billion.
Imithombo ibonise ukuthi i-Kling ihlose ukufakwa kuhlu ngokushesha nje ngonyaka ozayo, okuzofaka i-debut ngo-2027. Lokhu kumelela isinyathelo esibalulekile senkampani, ebingumdlali ovelele emakethe ye-AI yokukhiqiza amavidiyo, eqhudelana nezinye izinkampani ezinkulu zobuchwepheshe. Ukukhethwa kwalawa mabhange amathathu njengababhali abangaphansi abaholayo noma abeluleki kugqamisa isikali kanye nentshisekelo yamazwe ngamazwe kulokho okwenziwayo.
I-Kling iyinkampani ephethwe yi-Kuaishou Technology, inkundla yamavidiyo amafushane ase-China. Ukuhlukaniswa kweyunithi ye-AI yohlu olusesidlangalaleni kuwumnyakazo wamasu ovumela inkampani engumzali ukuthi yenze imali ngokukhula kwezimpahla zayo ze-AI kuyilapho ihlinzeka ngemoto yokulingana ezinikele kubatshalizimali abathanda umkhakha wamavidiyo we-AI. Umbiko awuzange unikeze imininingwane eqondile ngenani lamasheya azonikezwa noma inani eliqondile inkampani efakwa ngayo amanani.
Imininingwane yomthombo: bloomberg.com ↗
Kungani kubalulekile
Lesi sinyathelo sibonisa ingqopha-mlando yemakethe yemali enkulu yomkhakha we-AI waseChina, ikakhulukazi esikhaleni sevidiyo esikhiqizayo. Ngokufaka kuhlu i-Kling ngokuhlukene, i-Kuaishou ingase ivule inani lezimpahla zayo ze-AI kuyilapho ihlinzeka abatshalizimali bemakethe yomphakathi ukuchayeka okuqondile kubuchwepheshe bevidiyo be-AI obuhamba phambili. Ukubamba iqhaza kwamabhange okutshalwa kwezimali asezingeni eliphezulu emhlabeni wonke kuphakamisa intshisekelo eqinile yesikhungo ekusebenzeni kwezentengiselwano kokukhiqizwa kwamavidiyo e-AI, umkhakha obone ukukhula okusheshayo kodwa ongakhetha kukho kokulingana komphakathi. Le-IPO ingasebenza njengebhentshimakhi yokwazisa amanye ama-spin-off agxile ku-AI avela kuma-tech tech conglomerates amakhulu esifundeni.
I-IPO ye-Kling AI ibalulekile ngoba imaka ukufakwa kuhlu kokuqala okukhulu komphakathi kwenkampani ekhethekile ekhiqiza amavidiyo e-AI e-China. Yize izinkampani eziningi ze-AI zihlala ziyimfihlo noma ziyingxenye yama-conglomerates amakhulu, i-IPO ezimele ihlinzeka ngokusobala ekusebenzeni kwezezimali kanye nosayizi wemakethe womkhakha wamavidiyo we-AI.
Ukubamba iqhaza kukaGoldman Sachs kanye ne-UBS, kanye ne-CICC enkulu yendawo, kuphakamisa ukuthi abatshalizimali bomhlaba wonke bazimisele ukusebenzelana nezimpahla ze-AI yase-China naphezu kokungezwani kwezwe. Lokhu kungase kubonise ukuncibilika noma i-carve-out ethile yemikhakha yezobuchwepheshe ekhula kakhulu ekutshalweni kwezimali okuwela imingcele.
Embonini ye-AI, lesi sinyathelo siqinisekisa amandla okuhweba amamodeli okukhiqiza amavidiyo. Kungase kukhuthaze ezinye iziqalo ze-AI noma ukuhlukana phakathi kwezinkampani ezinkulu zobuchwepheshe ukuthi zicabangele amasu okufakwa kuhlu afanayo, okungenzeka aholele egagasini lama-IPO agxile ku-AI eminyakeni ezayo.
I-Interactive Mechanism: Indlela Esebenza Ngayo Ngempela
Hlola ubuchwepheshe obuyisisekelo ngemuva kwalokhu kuthuthukiswa ngokuhlanganyela.
Which component of an AI application is the machine-learning model itself?
Ongakubuka ngokulandelayo
Abatshalizimali kufanele baqaphe ukufakwa okusemthethweni kwe-IPO, okuzoveza izibalo zemali engenayo ye-Kling, isisekelo sabasebenzisi, kanye nesimo sokuncintisana ngokumelene nezimbangi ezifana ne-OpenAI's Sora. Ukwengeza, inani lokugcina kanye nentengo yokwabelana kuzokhombisa intshisekelo yemakethe yamathuluzi evidiyo ye-AI. Isiteki esisele sikaKuaishou kanye nanoma yiziphi izikhathi zokuvala zizoba yizici ezibalulekile ekuzinzeni kwemakethe yesibili.
Isinyathelo esilandelayo esibalulekile ukufakwa ngokusemthethweni kwe-prospectus ne-Hong Kong Stock Exchange. Lo mbhalo uzoqukatha izitatimende zezimali ezinemininingwane, okuhlanganisa imali engenayo, imali engenayo yonke, kanye nokuphuma kwemali, okuzoba umbono wokuqala womphakathi wezimali ezizimele ze-Kling.
Ukusabela kwemakethe kumanani e-IPO kuzoba inkomba eyinhloko yemizwa yabatshalizimali ngobuchwepheshe bevidiyo ye-AI. Uma i-IPO ibhaliswe ngokweqile, ingase ibonise isidingo esinamandla sokuchayeka kokulingana kwe-AI. Ngakolunye uhlangothi, ukwamukela okubuthakathaka kungaphakamisa imibuzo mayelana nokusimama kwemali engenayo yevidiyo ye-AI.
Ukuthuthukiswa kwemithetho e-China mayelana nokusetshenziswa kwedatha ye-AI nokukhiqizwa kokuqukethwe kungase kuthinte umugqa wesikhathi we-IPO nokulinganisa. Noma yiziphi izinguquko kunqubomgomo zingathinta izindleko zokusebenza ze-Kling kanye nokufinyelela emakethe.