Entertainment
Alibaba Just Unleashed Wan3.0 After Raising $10.2 Billion for AI—But the Real Game-Changer Is What It Can Turn Into Video
BEIJING — August 24, 2026 — Alibaba is turning up the pressure in the global artificial intelligence race. The Chinese technology giant has officially launched Wan3.0, its latest AI video-generation model, just one day after announcing an HK$80 billion ($10.2 billion) share placement designed to finance its expanding artificial intelligence ambitions. The timing is hard to miss: Alibaba is raising billions to strengthen its AI infrastructure while simultaneously rolling out a video model desig
