1 week ago
Alibaba Launches Wan3.0 AI Video Model Amid Rising Spending
Alibaba made a new computer program called Wan3.0.
It can create short videos using information from documents, spreadsheets, slides and web pages.
The videos can be up to 30 seconds long.
Alibaba says the program has already been used for films, advertising, tourism and music videos.
The program was tested publicly before its official launch.
Alibaba is spending more money to compete in the global artificial-intelligence race.
To help pay for this spending, the company announced a $10 billion share sale.
Its quarterly earnings fell 75% compared with the same period last year, partly because of higher AI-related spending.
Alibaba officially launched its Wan3.0 AI video-generation model on Monday.
Wan3.0 can create 30-second videos from documents, spreadsheets, slides and web pages.
The model has been used in films, short dramas, advertising, tourism promotion and music videos.
Alibaba launched a $10 billion share placement to fund increasing artificial-intelligence spending.
Alibaba reported a 75% year-over-year decline in quarterly earnings amid higher AI-related capital expenditure.
- Who
- Alibaba and its cloud-computing division, Alibaba Cloud.
- What
- Alibaba launched Wan3.0, an AI model that generates 30-second videos from several types of digital content.
- Where
- Beijing, with the announcement made through Alibaba Cloud’s WeChat account.
- When
- The model was officially rolled out on Monday; its public beta began on August 6.
- Why
- Alibaba is expanding its AI capabilities and increasing spending as competition in the global AI industry intensifies.
Key facts
- Product
- Wan3.0 AI video-generation model
- Video length
- Up to 30 seconds
- Input formats
- Documents, spreadsheets, slides and web pages
- Public beta
- Launched on August 6
- Share placement
- $10 billion
- Quarterly earnings change
- Down 75% year over year
- Reported uses
- Short dramas, films, advertising, marketing, tourism promotion and music videos
Sources
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