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Alibaba launches Wan3.0, its 30-second video model, days after raising $10bn

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Alibaba has launched Wan3.0, the latest version of its video generation model, days after raising roughly $10.2bn in a Hong Kong share placement whose proceeds it has earmarked entirely for AI. The sequencing is not subtle, and it is not meant to be, since the company has spent the past fortnight arguing to investors that its capital […]

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ByteDance signs a copyright pact with Hollywood’s MPA to rein in its Seedance AI video tool

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The TikTok owner has agreed a pact with the Motion Picture Association, the trade body for the major US studios, to tighten copyright protections on its AI image and video generators, ending, at least officially, a standoff that began when the studios accused the company of building a machine for wholesale infringement. The agreement covers […]

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Reddit is testing a new way to watch — and listen to — its viral posts

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Reddit is developing a new video experience that lets users watch — or simply listen to — its most popular posts, taking inspiration from the viral TikTok videos that pair Reddit stories with gameplay or other footage. CEO Steve Huffman said the feature is already in the works and could begin testing later this year.

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Netflix is reportedly considering always-on channels and bundles, which is to say, cable

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Netflix executives have reportedly discussed adding always-on live channels to the service. The channels would run genre-based programming around the clock, all comedies or all action films, according to a Wall Street Journal report relayed by The Verge. They have also discussed folding rival streaming subscriptions into Netflix itself. Peacock was named specifically, appearing as a […]

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AI video startup Higgsfield is in talks to raise at a $5bn valuation

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Higgsfield AI did not exist before March 2025. Fifteen months on, the video startup is in talks to raise money at a $5bn valuation, four times its worth at the start of the year. The company is seeking $300mn to $500mn, The Information first reported. That would value it at $5bn before the new money, […]

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