Alibaba Cloud, a major player in the tech industry, has released a cutting-edge AI tool known as I2VGen-XL, which converts text to high-resolution videos using advanced cascaded diffusion models, showcasing both visual and contextual coherence.
The release of I2VGen-XL reflects the ongoing global AI arms race, as the US and China compete for technological supremacy, particularly in response to trade restrictions and efforts for technological self-reliance.
Alibaba’s impactful presence in emerging technologies extends beyond AI, with innovations in AI-driven animation, collaborations for a digital metaverse platform, and an expressed interest in digital currencies and blockchain technology.
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