New Chinese AI Model MiniMax Launches with Text-to-Video Capability, Backed by Alibaba and Tencent

Aug 31, 2024, 10:04 PM

A new Chinese AI text-to-video model, MiniMax, has been launched, offering free usage for now. Backed by major investors Alibaba Group and Tencent, MiniMax is generating significant interest with its ability to create realistic videos from text prompts. Users have reported impressive results, particularly in human motion depiction, although further testing is needed to fully assess its capabilities. The model is being compared to existing platforms like Sora and is seen as a potential game-changer in the AI video creation space. An official AI film, Magic Coin, has been created entirely with this technology.