# Alibaba Group’s latest AI video model has moved to the top of a global benchmark.

*genai · news · 2026-04-10 · Crypto News*

## Key points

- Alibaba's HappyHorse-1.0 AI video model topped global benchmarks before its origins were revealed.
- HappyHorse-1.0 is developed by Alibaba’s ATH AI Innovation Unit and remains under active development.
- Alibaba's new data centre with China Telecom will use 10,000 Zhenwu AI chips for advanced AI workloads.
- Alibaba Cloud led a $275 million funding round for Shengshu Technology, a Chinese AI video startup.
- OpenAI discontinued its Sora video platform, while ByteDance paused Seedance 2.0 due to copyright issues.

**Companies:** Alibaba Group, Baidu Ventures, Shengshu Technology, ByteDance, Kuaishou
**Countries:** China

[Read the full story on Crypto News](https://crypto.news/alibaba-claims-top-spot-with-new-ai-video-generation-model/)

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