Alibaba launches Wan3.0 AI video model after $10 billion share sale

Alibaba launches Wan3.0 AI video model after $10 billion share sale  Reuters

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, slides and web p

Alibaba to Raise $10.20 Billion for AI Investment With Share Placement  WSJ

Alibaba shares plunged 10% after the tech giant priced a $10.2 billion share placement to fund its growing AI investments.

“I planned to move most of it back after a month or two. No longer,” Burry said in a post on Substack.

Alibaba announces a $10 billion share sale to fund its global artificial intelligence (AI) ambitions, investing in full-stack AI capabilities and infrastru

Alibaba Group Holding will issue HK$80 billion (US$10.2 billion) worth of new shares and use all of the proceeds to invest in AI, the Chinese tech giant said on Sunday. The move aims to “extend the company’s global AI leadership”, it said, adding that Alibaba would use the funds raised to “invest in its full-stack AI c