Alibaba (NYSE:BABA) has officially open-sourced its video- and image-generating AI model, Wan 2.1, intensifying competition in the AI landscape. This move follows a similar release from DeepSeek, a startup that gained attention with its cost-effective models rivaling industry giants like OpenAI.
Wan 2.1 comes in four variants—T2V-1.3B, T2V-14B, I2V-14B-720P, and I2V-14B-480P—designed to generate images and videos from text and image inputs. The "14B" models leverage 14 billion parameters, enhancing accuracy and realism. These models are now accessible worldwide on Alibaba Cloud’s ModelScope and Hugging Face, catering to academic, research, and commercial users.
Originally launched in January under the name Wanx, the model was later rebranded as Wan. It has since secured the top spot on VBench, a leading benchmark for video generative models, excelling in multi-object interaction and complex scene rendering.
Alibaba is further expanding its AI capabilities with QwQ-Max, an advanced reasoning model previewed this week, set for open-source release soon. To strengthen its AI and cloud infrastructure, the company has pledged a massive 380 billion yuan ($52 billion) investment over the next three years.
By making Wan 2.1 open source, Alibaba is positioning itself as a major player in the AI race, challenging rivals and accelerating innovation in video and image generation technology.


Toyota Global Sales Fall as China Demand Slumps
Google Changes EU Spam Policy Amid Antitrust Scrutiny
Nvidia Reportedly Eyes $13 Billion Hugging Face Acquisition
Unitree Shares Plunge 45% After Blockbuster IPO, Raising China Tech Bubble Fears
The Realist’s Case: Lukas Kerrebijn of RD Dubai on the Narrative Dubai’s Agents Won’t Question
Trian Drops Wendy’s Take-Private Bid Plans, Shares Plunge 14%
HP Stock Drops 9% Despite Q3 Earnings Beat and Raised 2026 Outlook
OpenAI Data Center Chief Chris Malone Exits Ahead of Planned 2027 Listing
PayPal Shares Sink as $50 Billion Takeover Bid Collapses
SoftBank Plans Record $6.3 Billion Bond Sale to Fund OpenAI Investments
Meta, U.S. States Discuss Settlement in Teen Addiction Trial
Salesforce Shares Surge as AI Demand Powers Q2 Earnings Beat
SoftBank Eyes $20 Billion Bond Sale to Refinance OpenAI Loan
New Zealand Labour Backs Social Media Ban for Under-16s
Nvidia Pauses AI Cloud Financing Deals Amid Antitrust Concerns
Nvidia Revenue Soars 106% as AI Demand Hits ‘Inflection Point’
U.S. Probes Apex Logistics Over Nvidia AI Chip Shipments to China 



