Business
Chinese Tech Giant MiniMax Unveils Video-01: A Game-Changing Text-to-Video AI Set to Compete with OpenAI’s Sora
The Chinese AI powerhouse, MiniMax, has unveiled a text-to-video creation model, posing a challenge to OpenAI's Sora. The initial version of their tool, known as Video-01, mirrors Sora's capabilities and future enhancements are anticipated to allow users to produce videos from images.
Video-01 allows a user to enter a text description to generate a video of up to six seconds duration. The entire procedure, from providing the text cue to producing the video, approximately takes two minutes.
At the event, MiniMax's founder and CEO, Yan Junjie, announced that video-01 is the company's initial version of their video creation tool. He highlighted that upcoming enhancements will allow users to produce videos from pictures and to modify these videos, as reported by local news outlets.
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