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Alibaba launches Wan3.0 AI video model after $10 billion share sale
BEIJING, Aug 24 : 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, slid
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scmp.com
Alibaba to issue US$10 billion in new shares for global AI push
The Chinese tech giant is expanding beyond retail into chips, cloud and large language models as surging spending weighs on quarterly profits.
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asia.nikkei.com
Alibaba shares plunge after $10bn new share placement to fund AI spending
Move comes amid intensifying race to build frontier models and computing infrastructure
