Chinese AI firm MiniMax launched its advanced H3 video-generation model, capable of processing text, images, video, and audio, intensifying competition with ByteDance and Kuaishou.
MiniMax, which was founded in 2022, is one of China's "AI tigers," a group of well-funded start-ups competing with domestic tech giants and US leaders in the foundation models market.
The company went public in Hong Kong earlier this year.
The H3 model is targeted at commercial applications such as advertising, e-commerce, product design, and gaming.
MiniMax claims that generating 2K video with its new model would cost less than a third of mainstream rival products.
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Firm aims to ‘support open-source community’ and a ‘broad range of hardware’, as H3 model bests Seedance 2.0 in some tasks.
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Seedance 2.5 and H3 have been designed to create longer content as both companies double down on multimodal context understanding
Shanghai-based company says M3 can process data five times faster than its predecessor, while also slashing inference costs.
