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General Atlantic wants to back China’s Kling AI at $18bn. Beijing is telling its AI firms to refuse US money.

A US investor wants to buy into China’s most successful AI-video company. The timing could hardly be more awkward.

General Atlantic is in talks to lead the first outside funding round for Kling AI, the video arm of Chinese tech group Kuaishou, Bloomberg reported. Kling is seeking more than $2bn at a valuation of $18bn, ahead of a planned stock-market listing. It had aimed for $20bn, but trimmed the target to match investor appetite. Kuaishou’s Hong Kong shares jumped as much as 8.9 per cent on the news.

A rare, and risky, US bet on Chinese AI

For General Atlantic, this would be a bold move. The firm made early bets on Meta and Uber, and backed Kling’s much larger rival, ByteDance, years ago. A fresh wager on Chinese generative AI is far rarer now, and far riskier.

The danger is political, not technical. In April, Beijing ordered Meta to ...

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From the bank branch to the mobile phone: India’s core banking journey

By L S Subramanian, Board Advisor and Management consultant in Banking, Financial Services & Capital Markets A retrospective on the technology transformation that quietly changed Indian banking There was a time when a bank customer in India was, for all practical purposes, a customer of a particular branch. The account

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Dimension Capital’s $800M third fund shows the intersection of science and compute is booming

In Brief 6:27 PM PDT · July 21, 2026 While many newer VC firms are still struggling to raise fresh capital, Dimension Capital, founded in late 2022, has been raising increasingly larger funds in quick succession. On Tuesday, the New York firm — which invests at the intersection of science and

LG to Ban Residential Proxies from Smart TV Apps

The home appliance giant LG Electronics USA said this week it plans to suspend any apps built for its smart TVs that turn one’s television into an always-on residential proxy node. The move comes less than a month after researchers found that more than 42 percent of games and

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Today’s Wordle Hints, Answer and Help for July 22, #1859

Looking for the most recent Wordle answer? Click here for today’s Wordle hints, as well as our daily answers and hints for The New York Times Mini Crossword, Connections, Connections: Sports Edition and Strands puzzles. Today’s Wordle puzzle is tricky. It’s not a word Americans use much,

A rare, and risky, US bet on Chinese AI

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From the bank branch to the mobile phone: India’s core banking journey

Dimension Capital’s $800M third fund shows the intersection of science and compute is booming

LG to Ban Residential Proxies from Smart TV Apps

Today’s Wordle Hints, Answer and Help for July 22, #1859