AI ‘tiger’ MiniMax launches text-to-video-generating model to rival OpenAI’s Sora
Xinmei Shen
Published: 7:00pm, 2 Sep 2024
Chinese artificial intelligence (AI) start-up MiniMax has launched video-01, its new text-to-video-generating model, heating up competition with other mainland tech firms that look to catch up with the advances made by OpenAI’s Sora.
MiniMax – known as one of China’s AI “tigers” along with Zhipu AI, Baichuan and Moonshot AI – made video-01 available to the public via its website after unveiling the new tool at the company’s first developer conference in Shanghai on Saturday.
Video-01 enables a user to input a text description to create a video that is up to six seconds in length. The process from the text prompt to generating a video takes about two minutes.
MiniMax founder and chief executive Yan Junjie said at the event that video-01 is the first iteration of the firm’s video-generating tool. He pointed out that future updates will enable users to generate videos from images and to edit these videos, according to local media reports.https://img.i-scmp.com/cdn-cgi/image/fit=contain,width=1024,format=auto/sites/default/files/d8/images/canvas/2024/09/02/7b4222b5-84e6-4a26-8d36-3a1be489faff_46fe445f.jpg
Xinmei Shen
Published: 7:00pm, 2 Sep 2024
Chinese artificial intelligence (AI) start-up MiniMax has launched video-01, its new text-to-video-generating model, heating up competition with other mainland tech firms that look to catch up with the advances made by OpenAI’s Sora.
MiniMax – known as one of China’s AI “tigers” along with Zhipu AI, Baichuan and Moonshot AI – made video-01 available to the public via its website after unveiling the new tool at the company’s first developer conference in Shanghai on Saturday.
Video-01 enables a user to input a text description to create a video that is up to six seconds in length. The process from the text prompt to generating a video takes about two minutes.
MiniMax founder and chief executive Yan Junjie said at the event that video-01 is the first iteration of the firm’s video-generating tool. He pointed out that future updates will enable users to generate videos from images and to edit these videos, according to local media reports.https://img.i-scmp.com/cdn-cgi/image/fit=contain,width=1024,format=auto/sites/default/files/d8/images/canvas/2024/09/02/7b4222b5-84e6-4a26-8d36-3a1be489faff_46fe445f.jpg
