(April 10): Alibaba Group Holding Ltd revealed it created the “Happy Horse” video AI model that sent ripples across China’s AI industry this week, claiming ownership of a platform that topped global rankings on debut. The platform marked the latest win for a Chinese company trying to remake itself into a leading player in artificial intelligence. Happy Horse 1.0 hit the top spot on the text-to-video leaderboard of Artificial Analysis this week, before its creator’s identity was disclosed on Friday. Happy Horse “is a success” for Alibaba, Jefferies analyst Thomas Chong wrote in a note this week. Generated video samples posted by the benchmark providers showed Happy Horse performing well against Seedance.

Source: The Edge Markets April 10, 2026 08:51 UTC