Kuaishou's Kling AI has picked banks for a Hong Kong initial public offering that could raise at least $1 billion, according to people familiar with the matter.[8182724] DeepSeek is close to securing at least 80 billion yuan ($12 billion) in its latest round of funding, blowing past its $8 billion valuation from August.[8138606] Moonshot AI has closed the final round of private fundraising at a valuation of about $50 billion and is heading toward an initial public offering in Q1 2027 to raise up to $5B.[8118553] AI inference-chip startup Etched is in early talks to raise funding at a $40B-$50B valuation, up from $21B in August.[8086480]