ByteDance reportedly heightened rivalry with regional rivals and OpenAI’s Sora by launching a text-to-video generator in China through a new app, Jimeng AI.
The new product created by Faceu Technology is currently listed on the Apple App Store, according to the report.
This comes after Kuaishou and Zhipu AI, two other Chinese companies, entered the market for AI-driven film creation—a field that OpenAI’s next model Sora is also aiming for. Subscriptions to Jimeng AI are available for 69 yuan ($9.65) per month.
Mira Murati, CTO of OpenAI said that the public release of Sora is probably going to occur in the upcoming year.
Newsng gathered that It is anticipated that this new release will make the generative AI market even more competitive.
A few Chinese companies have also introduced their text-to-video versions in the last few months.
At the end of last month, the Chinese video app business Kuaishou introduced the Kling AI model to the global market.
The beta version of Kling AI was just released.
Additionally, in the past month, Zhipu AI, a Chinese AI company, produced Ying, a model for creating videos.
The market became more competitive when Shengshu, a different firm, released its Vidu application shortly after.
CapCut is another well-liked video editing program from Faceu Technologies.
The announcement follows closely with the House of Representatives’ intention, as per an internal document, to remove all ByteDance apps from all smartphones supplied by the House by August 15.
This order expands upon the previous ban on TikTok, which was in effect from December 2022.
We earlier reported that CapCut will no longer offer free cloud storage for its users. to improve its storage and teamwork capabilities.
