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MiniMax, a Chinese AI start-up, has introduced video-01, a text-to-video-generating model, intensifying competition with other tech firms aiming to match OpenAI's advancements. This new tool allows users to create six-second videos from text prompts in about two minutes. MiniMax's founder, Yan Junjie, announced that future updates will enhance the tool's capabilities, including video generation from images.
The launch of video-01 highlights the aggressive strides Chinese tech companies are making in the AI sector, particularly in video generation. Other players like ByteDance and Alibaba are also developing similar tools, indicating a rapidly evolving landscape in AI technology. MiniMax's backing from major investors like Alibaba further underscores the potential impact of this new model in the market.
• MiniMax's video-01 model competes directly with OpenAI's Sora.
• Future updates will allow video generation from images and editing capabilities.
MiniMax's video-01 utilizes this technology to create short videos based on user input.
MiniMax's video-01 is an example of an AI model designed for video creation.
The launch of video-01 exemplifies generative AI's application in video production.
MiniMax recently launched video-01, a text-to-video-generating model, to compete in the AI market.
OpenAI's Sora has set a benchmark that MiniMax aims to rival with its new model.
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