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.


OpenAI Revenue Rises 18% in Q2 as Losses Widen and Anthropic Surges Ahead
J.P. Morgan Upgrades SanDisk, Sets $2,250 Price Target on AI NAND Growth
Unitree Robotics Shares Soar Over 600% in Shanghai Market Debut
Anthropic Revenue Run Rate Hits $65 Billion as IPO Plans Accelerate
Hermès Stock Downgraded by RBC as Luxury Growth Premium Narrows
Hyundai Motor Union Launches First Full Strike in Decade Over Wages, AI Job Risks
Nvidia’s $500 Billion AI Infrastructure Push Wins Morgan Stanley Support
Samsung Shares Rise on $72 Billion Shareholder Return Plan
Goldman Sachs Names 9 Top Japanese Semiconductor and Electronics Stocks
BofA Sees Micron EPS Topping $230 by 2030, Backs Major Stock Upside
Barclays Downgrades Renault as Cost Savings Challenges Grow
REPAY Stock Rises After Visa Platform Connect Collaboration
Alphabet’s SpaceX Investment Soars 100-Fold to $94 Billion
Goldman Sachs Eyes Investors for Nvidia’s $500 Billion AI Financing Plan
OpenAI Tightens AI Safety Monitoring After Security Incidents
Nvidia Eyes $3 Billion Investment in SoftBank-Backed AI Data Center 



