Alibaba Sustains AI Frenzy With Second Video Upgrade in Weeks

Alibaba Group Holding Ltd. updated its video-generating model for the second time in one month as Chinese firms look to better compete against each other and American rivals in the white-hot AI race.

Wan2.1-VACE supports video creation from inputs of various formats, including texts, images and videos, and allows users to edit the generated content, according to a company statement. Alibaba is offering VACE, or Video All-in-one Creation and Editing, in two open-source versions: a 14-billion-parameter iteration and one with 1.3 billion parameters. The Hangzhou-based company previously upgraded its video model based on the same Wan2.1 series in mid-April.