Kaipeng Huaying raises US$3.5 billion to increase investment in AI market

Venture capital giant Kleiner Perkins announced that it has raised US$3.5 billion to support the artificial intelligence market. The fundraising transaction includes US$1 billion raised by its KP22 fund and US$2.5 billion invested in growth-stage companies. Kaipeng Huaying said that the current market fundamentals are conducive to expanding the scale of investment, and market development is still in its early stages. Artificial intelligence is helping today's start-ups iterate and develop at an unprecedented rate.