Alibaba rolls out new AI video model as it raises $10 billion for its AI race

The model can convert spreadsheets, web pages, and presentations into video, and has been in public beta since August 6

Investors worldwide fret that tech firms’ revenues are struggling to keep up with the AI spending spree.

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