Alibaba launches Wan3.0 AI video model after $10 billion share sale

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.