Chinese giant Alibaba released Wan 2.1 and made it open-source: It's a text-to-video AI service similar to OpenAI's Sora.

Open-source AI tech has been thrown into the spotlight since Chinese firm DeepSeek rattled global markets in January.

Chinese e-commerce leader Alibaba said on Wednesday its video- and image-generating artificial intelligence model Wan 2.1 is ...

Alibaba is giving people free access to its generative artificial intelligence models that can produce highly realistic ...

The investment signals Alibaba’s ambition to compete with AWS, Microsoft Azure, and Google Cloud as it expands beyond its ...

Alibaba Group Holding Ltd.’s U.S.-listed stock fell nearly 7% on Monday after the online retailer said it plans to spend ...

Alibaba will release an open-source version of its video and image-generating artificial intelligence model, Wan 2.1, the ...

Improvements in E-Commerce Business Although China’s retail market has been mixed in recent quarters due to uncertain ...

Alibaba said the total investment amount exceeds the company's spending in AI and cloud computing over the past decade.

Alibaba shares are up 70% this year to date on the boost from DeepSeek and its AI partnership with Apple for iPhones in China ...

Alibaba 9988.HK on Thursday flagged plans to invest more in its "core businesses" of e-commerce and AI-powered cloud ...

The Chinese technology giant first mentioned the plan last week when it reported results but didn’t provide a specific figure ...