MiniMax was launched as a text-to-video generator by a Chinese startup bearing the same name. The company recently launched its first model, Video-01. This model is designed to create high-resolution videos from text prompts. It operates at a native resolution of 1280 x 720 pixels and can generate videos at 25 frames per second.
Currently, the maximum video length is limited to six seconds, with plans to extend this to ten seconds in the future.
Another Chinese 'Sora': A new AI video tool launched today by Minimax, backed by major investors Alibaba Group and Tencent. 🎞️
Check out their official AI film Magic Coin🪙, created entirely with text-to-video .
🥁Try it for free now: https://t.co/Kl1avPXkFL pic.twitter.com/df14ZVq1Es— Junie Lau (@JunieLauX) August 31, 2024
During an interview, founder Yan Junjie mentioned that the company had made significant progress in video generation. However, the specific parameters and technical details of the model have not been disclosed yet.
“We have indeed made significant progress in video model generation, and based on internal evaluations and scores, our performance is better than Runway,” Junjie said.
The current model is the initial version, with an updated version expected soon. As of now, it offers text-to-video …