Generate video from text prompts with Alibaba's new open-source AI model Wan 2.1

Alibaba open-sourced its AI model Wan 2.1, offering four versions for image and video creation from text and image inputs. The model processes up to 14 billion parameters, enabling complex tasks with high accuracy and ranking top on VBench. Alibaba also previewed QwQ-Max, a new reasoning model, and plans to invest $52 billion over three years in cloud computing and AI infrastructure, potentially boosting AI sector competition and adoption.