Chinese 'tech giant' launches AI model to create free global videos

Alibaba announced that it has given the green light for free use of its video-generating artificial intelligence (AI) model globally, a move that is seen as a step to strengthen Alibaba’s competitiveness with other rivals, such as OpenAI (USA).

The Chinese tech giant said it is open-sourcing four models under Wan2.1, the latest version of Alibaba's AI platform that can generate images and videos from text commands and input images.

Open-source AI technology has been in the spotlight since Chinese company DeepSeek shook up global markets in January. DeepSeek claims its AI models were built at a fraction of the cost of the world's leading AI companies while relying on less advanced Nvidia chips.

DeepSeek's model is open source, like Alibaba's, meaning it can be downloaded and modified by others. Chinese companies in particular have pushed open source models. Alibaba's and DeepSeek's products are now among the most widely used globally.

Alibaba announced its first open source model in August 2023. In the US, Meta is leading the open source race with its Llama models.

In another development, Alibaba on February 24 announced plans to invest more than 380 billion yuan (about 53 billion USD) in developing cloud computing and AI infrastructure over the next three years.

Alibaba previously reported an 8% increase in fourth-quarter 2024 revenue to 280 billion yuan. The better-than-expected results sent the company's stock price up 14% on the Hong Kong Stock Exchange on February 21.

Alibaba's shares have surged this year, driven by factors including improved financial performance and recent signals that Chinese President Xi Jinping is advocating further support for the domestic private sector.

Source: https://baotintuc.vn/khoa-hoc-cong-nghe/ong-lon-cong-nghe-trung-quoc-tung-mo-hinh-ai-tao-video-mien-phi-toan-cau-20250226192234225.htm