Source:https://www.scmp.com/tech/tech-trends/article/3276890/chinese-ai-tiger-minimax-launches-text-video-generating-model-rival-openais-sora
TechTech Trends

Chinese AI ‘tiger’ MiniMax launches text-to-video-generating model to rival OpenAI’s Sora

Video-01 is the first iteration of the firm’s Sora-like tool, with future updates expected to enable users to generate videos from images

Xinmei Shen
Chinese tech firms have been making aggressive moves into the nascent market segment for text-to-video-generating tools. Photo: Shutterstock
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.
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