Business
Chinese AI Powerhouse MiniMax Launches Video-01, a Text-to-Video Generation Tool, Challenging OpenAI’s Sora
The Chinese AI powerhouse, MiniMax, has rolled out a text-to-video generating model in competition with OpenAI's Sora. They have named this initial version of their tool as Video-01, which shares similarities with Sora. Future enhancements of this tool are anticipated to permit users to convert images into videos.
Video-01 allows a user to enter a text description to generate a video that can be up to six seconds long. The procedure from providing the text cue to producing a video typically takes around two minutes.
At the event, Yan Junjie, the founder and CEO of MiniMax, announced that video-01 is the initial version of the company's video creation tool. He highlighted that forthcoming enhancements will allow users to create videos from pictures and also edit them, as reported by local news agencies.
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