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Alibaba Launches Wan3.0 AI Video Model After $10 Billion Share Sale

The model accepts PDFs and PowerPoint files and is priced at $0.20 per second at 1080p, targeting business users as access widens.

Summary by WTVB
BEIJING, Aug 24 (Reuters) - 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 ‌...

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TechNode broke the news on Monday, August 24, 2026.
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