<ul><li>Chinese tech giant Alibaba has released its open-source video foundation model Wan 2.1, surpassing OpenAI's Sora.</li><li>Wan 2.1 outperforms existing open-source models and commercial solutions in video generation.</li><li>Alibaba's suite includes three models for text-to-video, image-to-video, video editing, text-to-image, and video-to-audio.</li><li>Wan 2.1 employs a new spatio-temporal variational autoencoder (VAE) architecture for video generation.</li></ul>

Alibaba Releases Open-Source Video Generation Model Wan 2.1, Outperforms OpenAI’s Sora

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