
BEIJING, Aug 24 (Reuters) - Alibaba officially rolled out its latest AI video generation-model Wan3.0 on Monday with enhanced capabilities after the Chinese internet giant launched a $10 billion share
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BEIJING, Aug 24 (Reuters) - Alibaba officially rolled out its latest AI video generation-model Wan3.0 on Monday with enhanced capabilities after the Chinese internet giant launched a $10 billion share

Alibaba officially rolled out its latest AI video generation-model Wan3.0 on Monday with enhanced capabilities after the Chinese internet giant launched a $10 billion share placement to fund rising AI spending. The new model can generate 30-second videos from documents, spreadsheets, slides and web pages, Alibaba Cloud said in a post on the WeChat platform. Alibaba said Wan3.0 had been used in short drama and film production, advertising and marketing, tourism promotion and music video creation since a public beta version was launched on August 6.

Alibaba Group Holding Ltd. shares rose the most in two weeks as the launch of a new ecommerce platform boosted optimism toward the company before its June quarter earnings this week.

Alibaba Group Holding Ltd. launched the beta version of an artificial intelligence music-generation model that can turn a single text prompt into a fully produced song, expanding the Chinese technology giant’s push into generative AI.
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