Alibaba's Wan3.0 generates AI videos up to 30 seconds long from text, images, and documents
What happened
Alibaba's video generation model Wan3.0 creates clips up to 30 seconds long from text, PDFs, and PowerPoint files. A 30-second 1080p clip costs $6. Alibaba's quarterly profit dropped 75 percent year-over-year as the company ramps up AI spending.
Summary assembled by rule from the sources below