KUAISHOU(HK:01024) 3 6 Ke·2025-08-27 10:00Core Insights - Kuaishou's Keling AI generated over 250 million yuan in revenue in Q2, up from 150 million yuan in Q1, indicating a significant growth of 100 million yuan in just one quarter [1][2] - The primary users of Keling AI are professional creators, including those interested in AIGC, self-media users, designers, artists, e-commerce advertisers, and film production workers [2] - Keling AI aims to become a specialized large model for B-end applications, with aspirations to enhance its capabilities in game and professional film production [2] Revenue and Market Position - Keling AI is seen as a new hope for Kuaishou amid slowing growth in its core business, impacting its attractiveness in the capital market [5] - Kuaishou's R&D spending increased by 21.2% year-on-year to 3.4 billion yuan, primarily due to investments in AI [6] - Kuaishou's CFO projected that Keling AI's total revenue for 2025 is expected to double compared to initial targets set at the beginning of the year [8] Product Development and Competition - The AI short drama "New World Loading" produced by Keling AI showcases its capabilities, with improvements in character and scene consistency compared to previous works [3] - Keling AI's new feature, Ling Animation Canvas, allows for real-time collaboration and intelligent assistance, further attracting B-end users [3] - The competition in the AI short drama space is intense, with many teams integrating multiple large models to enhance their creative processes [3][4] Strategic Adjustments - Kuaishou appointed its senior vice president, Gai Kun, as the head of Keling AI's technology department, reinforcing the strategic importance of Keling AI within the company [6] - The additional investment in Keling AI's reasoning capabilities is expected to double compared to initial budget estimates, with a manageable impact on the group's profit margins [9]