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Chinese AI Powerhouse MiniMax Launches Text-to-Video Tool ‘Video-01’, Aiming to Rival OpenAI’s Sora
China's AI powerhouse, MiniMax, has unveiled a text-to-video creation model, challenging OpenAI's Sora.
The company's initial version of a Sora-like tool, dubbed Video-01, is anticipated to evolve, allowing users to produce videos from pictures in the future.
Video-01 allows a user to enter a text description for generating a video that can last up to six seconds. The entire procedure, from providing the text cue to producing a video, takes roughly two minutes.
Yan Junjie, the founder and CEO of MiniMax, stated during the event that video-01 represents the company's initial version of their video creation tool. He highlighted that upcoming enhancements will allow users to create videos from pictures and edit them, as per local news coverage.
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