# Alibaba launches Wan3.0 AI video model after $10 billion share sale

https://mins.news/en/item/30314

- Reuters, 2026-08-24 08:25 UTC
- Tech
- Original: https://www.reuters.com/business/retail-consumer/alibaba-launches-wan30-ai-video-model-after-10-billion-share-sale-2026-08-24/?link_source=ta_bluesky_link&taid=6a8bffe88f08580001b655bd

> Alibaba officially launched its latest AI video-generation model, Wan3.0, on Monday with upgraded capabilities. The Chinese internet giant had raised $10 billion through a share placement to finance growing AI expenditure.

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