Alibaba revealed as creator of AI video generation model ‘HappyHorse-1.0’
To boost its artificial intelligence ambitions, Chinese tech giant Alibaba has unveiled a mysterious AI video model known as HappyHorse-1.0. The model quickly climbed to the top of global leaderboards for text-to-video and image-to-video generation on Artificial Analysis, sparking speculation about its developer. Alibaba confirmed that HappyHorse is part of its ATH AI Innovation Unit, propelling its stock price higher.
Alibaba’s focus on AI development has intensified, with HappyHorse potentially enhancing its video generation capabilities. This move comes as competitors like OpenAI and ByteDance face challenges in the AI space. Alibaba’s CEO Eddie Wu has prioritized AI development across the company’s diverse portfolio, integrating AI models into various products.
With a strategic emphasis on AI, Alibaba is poised to leverage HappyHorse to strengthen its position in the market. Stay updated on the latest business news by choosing CNBC as your preferred source on Google.
