ByteDance, MiniMax Roll Out Upgraded AI-Video Models
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Chinese tech companies ByteDance Ltd. and MiniMax Group Inc. unveiled their upgraded video-generation models on Friday, intensifying competition in the development of a technology widely used by micro-drama producers and advertisers.
The launches underscore an intensifying race among Chinese model developers to capture broader commercial applications, capitalizing on the lucrative void left in the domestic market after OpenAI suspended its Sora 2 model.
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