Adobe is set to release a suite of powerful video AI tools, including Generative Extend, Text to Video, and Image to Video, as part of its Firefly video model. These features, expected to be available on Premiere Pro beta and a free website by year’s end, promise high-quality video generation from text and image prompts, rivaling similar offerings from OpenAI and others.
Minimax, a Chinese AI startup backed by Alibaba and Tencent, has released its Video-01 text-to-video model, which generates high-quality videos with human-like accuracy, even capturing hand movements. This innovative tool joins a rapidly expanding market of text-to-video AI, showcasing the impressive advancements in AI technology.
OpenAI is reportedly developing its own AI chip, manufactured by TSMC, to power its new text-to-video service, Sora. This could give Apple, a major OpenAI partner, a significant advantage in the AI market.
