Alibaba launches Wan3.0 video model with 30-second outputs from documents and web pages
- Alibaba Cloud released Wan3.0, an AI video model that accepts documents, spreadsheets, slides, and web pages as inputs and generates videos up to 30 seconds long.
- Alibaba says Wan3.0's maximum output is twice that of its predecessor; a public beta began on August 6 before the broader Monday release.
- Alibaba says users have deployed Wan3.0 for short dramas and films, marketing and advertising, tourism promotion, and music video creation.
- The release came one day after Alibaba closed an HK$80 billion ($10.2 billion) Hong Kong share offering, whose net proceeds the company says will fund AI infrastructure.
- Alibaba has committed more than 380 billion yuan ($56.5 billion) to AI over three years, while fiscal first-quarter capital expenditure rose 75% year over year to 67.68 billion yuan.