Alibaba announced on Tuesday that it will release an open-source version of its video and image-generating AI model, Wan 2.1, as part of its ongoing efforts to foster innovation and collaboration within the AI community.
The Chinese tech giant shared the news via a post on X, outlining plans for a live press conference to officially unveil the model.
The press conference is scheduled for 11:00 pm Beijing Time (1500 GMT), where Alibaba is expected to provide further details on the model’s capabilities and the open-source release strategy. By making Wan 2.1 available to the public, Alibaba aims to empower developers and researchers with advanced tools for creating and manipulating visual content, potentially accelerating progress in the field of artificial intelligence.
Alibaba’s decision to open-source Wan 2.1 reflects a broader trend in the tech industry towards increased transparency and collaboration. Open-source releases allow external innovators to build on established platforms, leading to the development of new applications and services that can benefit a wide range of industries.
As the company prepares for its upcoming live event, industry observers will be watching closely to see how Alibaba positions Wan 2.1 in comparison to other leading AI models and what new possibilities its release might unlock in video and image generation.
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Alibaba (9988.HK) announced on Wednesday a wide-ranging push into artificial intelligence (AI), unveiling a partnership with Nvidia, a global data centre expansion plan, and new AI products, as it seeks to make artificial intelligence a core business priority alongside its e-commerce operations.
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The model aims to enhance Alibaba’s presence in the generative AI sector and is available as open-source.
OpenAI on Tuesday introduced a suite of new developer tools designed to streamline the creation of advanced AI agents, signaling a strategic move amid intensifying competition from Chinese AI startups.
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