New open-source AI model from Alibaba enters the market
Over the next three years, 380 billion yuan ($52 billion) will be invested by Alibaba in cloud computing and AI development.
Alibaba is set to release an open-source version of its video and image-generating artificial intelligence model, Wan 2.1. The company announced the move on X, with full details to be revealed in a recorded video.
Competition in China’s AI market has been intensifying, particularly after DeepSeek’s recent launch of advanced open-source models.
The tech giant originally introduced its AI model in January under the name Wanx before renaming it Wan. Alibaba has promoted its capability to generate highly realistic visuals and noted its strong performance on VBench, a ranking platform for video-generating models.
The company also previewed its reasoning model, QwQ-Max, with plans to make it open source in the future.
Major investments in AI and cloud computing are also underway, with at least 380 billion yuan ($52 billion) committed over the next three years.
Alibaba is positioning itself as a key player in the AI industry while competing with global leaders moving towards closed-source models.
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