Alibaba Launches Wan3.0 AI Video Model After $10 Billion Share Sale

Alibaba Group launched its latest AI video generation model, Wan3.0, on Monday, August 24, 2026, converting documents, spreadsheets, and slide decks into 30-second video clips. The release follows the company's announcement of a record share sale to fund its artificial intelligence ambitions. The model, which had been in public beta since August 6, is now available to a wider audience through Alibaba Cloud. It accepts a range of inputs, including text, images, audio, video, and business documents like PDFs and PowerPoint files, generating videos that reflect the structure of the source material.