Alibaba has launched Wan 2.1, a series of open-source AI models for creating images and videos, which are accessible worldwide through Alibaba Cloud’s ModelScope and HuggingFace platforms. The Chinese e-commerce giant announced the release of Wan 2.1, an advanced AI model for generating visual content, as part of its ongoing efforts in the artificial intelligence field. This move demonstrates Alibaba’s commitment to innovation and technology advancement, providing users with powerful tools for image and video creation.
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Chinese firms rush for Nvidia chips as US prepares to lift ban
Chinese companies are rapidly ordering Nvidia's H20 AI chips as the company prepares to resume sales to mainland China, anticipating $15 billion to $20 billion in additional revenue following US government license approvals. Nvidia aims to restart shipments after CEO Jensen Huang's meeting with President Trump, emphasizing the critical demand for specialized hardware for AI applications since the launch of ChatGPT in 2022. Explain It To Me Like I'm 5: Chinese companies are quickly ordering...
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