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MiniMax, a Chinese artificial intelligence (AI) unicorn startup backed by Alibaba and Tencent, released a text-to-video generation model last week. Dubbed Video-01, the platform is available to the public even outside of China. It can generate six-second-long videos in a wide range of styles. Video-01 joins the company’s existing AI offerings such as a music generator, generative speech, and language translation. The…
