Kuaishou Tech Sales Climb as AI Monetization Gains Momentum

Kuaishou Technology said the rapid scaling up of its generative artificial intelligence tools drove revenue growth.

Fourth-quarter revenue for the Beijing-based internet company climbed 12% to to 39.6 billion yuan ($5.7 billion), according to a Wednesday filing, meeting analyst estimates. Adjusted net income increased 16% in the quarter, more than analysts expected.