Core Insights - Kuaishou Technology announced that its AI product, Keling AI, achieved a revenue of over $20 million in December 2025, corresponding to an annual recurring revenue (ARR) run rate of $240 million [1] - Keling AI previously reported an ARR exceeding $10 million in March 2025, just ten months after its official launch [1] - Since December, Keling AI has released the world's first unified multimodal video model, Keling O1, and the Keling 2.6 model, which features "audio-visual synchronization" capabilities and has launched motion control functions [1]

Core Insights - Kuaishou Technology (01024) announced that its AI product, Keling AI, achieved a monthly revenue exceeding $20 million in December 2025, corresponding to an annual recurring revenue (ARR) run rate of $240 million [1] - Keling AI previously reported an ARR surpassing $10 million in March 2025, just ten months after its official launch [1] Product Development - Since December, Keling AI has released the world's first unified multimodal video model, Keling O1, and the Keling 2.6 model, which features the capability of "audio-visual synchronization" [1] - The company has also introduced new functionalities such as action control, indicating a rapid iteration of its products [1]

花旗认为，该新版模型应能显著提升用户生成影片的灵活性与效率，并观察到快手持续强化可灵技术以 维持领先地位。该行维持快手"买入"评级，因其估值不高，目标价88港元。 花旗发表报告指，12月1日，快手推出最新版可灵O1模型，并将其定位为"全球首个大一统的多模态视 频模型"。除影片效果与一致性提升外，本次升级包含两项关键技术革新，包括影片长度上限从5秒延长 至10秒，以及新增整合框架，让用户能在单一输入框中结合多元指令，如文字提示、参考图像与影片， 透过合并任务消除分散工具需求。 ...