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Alibaba launches Wan3.0, its 30-second video model, days after raising $10bn

Alibaba has launched Wan3.0, the latest version of its video generation model, days after raising roughly $10.2bn ina Hong Kong share placementwhose proceeds it has earmarked entirely for AI. The sequencing is not subtle, and it is not meant to be, since the company has spent the past fortnight arguing to investors that its capital [] This story continues at The Next Web

24 Aug 2026 2:39 pm