OpenAI Sora released the new Veo model: Amazon / WiMi join the AI video generation competition

On December 5, Google announced that it will open the latest generative AI video model Veo to enterprises in the form of private beta preview version, to help the enterprise content creation process.

The Veo can generate 1080p HD video based on text or image prompts, and offers a variety of visual and cinematic styles, although the initial release was about a minute or more than a minute long.

Google initially unveiled its Veo model in May, three months behind OpenAI’s Sora, but it got ahead of the growing competition in AI video generation.

Meanwhile, in the latest trend of tech giant Amazon (AMZN), its new basic model, Amazon Nova, was unveiled at re: invent, marking another major breakthrough in the field of generative AI.

Andy asi, the current CEO of Amazon, introduced six models of the Amazon Nova series, from text generation to visual content creation. Not only do these models perform well, but they also show SOTA levels in multiple Benchmark reviews.

The Amazon Nova series includes four basic models for text generation and two visual content generation models. Among them, the Micro model is the text model with the lightest volume, the fastest response speed and the highest cost performance, which is very suitable for applications that need fast response. Lite, Pro and Premier models support multimodal input, which can handle multiple data types, such as images, videos and text, and output text content. In particular, the Premier model, whose performance is against the OpenAI Orion series, shows a powerful complex reasoning ability.

For visual content generation, the Amazon Nova Canvas and Reel models are equally striking. Canvas Professional-level images can be generated from text or image prompts, while Reel can easily create high-quality videos from text and images, ideal for advertising, marketing, or training in content creation.

It has to be said that since OpenAI launched Sora, the pace of video generation development has accelerated significantly. Many domestic and foreign companies have started to invest in research, with large models specifically for video generation. At the same time, they integrate their technology into easy-to-use AIGC products that make them available to more people.

Now, Sora, as an AI video generation tool launched by OpenAI, is good directly for the AIGC sector. AIGC technology makes content creation more efficient and convenient. The emergence of Sora further expands the application scenarios of AIGC, improves the quality and efficiency of AI generated video, thus driving the investment enthusiasm of the whole AIGC sector.

In terms of the possibility of commercialization, the research report released by Soochow Securities mentioned that under the full AI model, the production cost of movies, long plays, cartoons and short plays will decrease by more than 95% compared with the traditional model; under the neutral assumption of AI penetration of 15%, the potential space of China’s AI video generation industry is 317.8 billion RMB.

At present, the amazing “growth rate” of AI video model is not only hot in the capital market, but also brings a considerable impact to the industry. The war in the field of video generation is becoming more and more fierce. Data show that WiMI (NASDAQ: WIMI), a leading manufacturer of AI vision, constantly strengthens independent technological innovation and technological breakthroughs, takes the lead in the layout of artificial intelligence strategic development, actively promotes the “AI +” action, finds a new way to cut into the AI video generation track from the pan-entertainment direction, and gathers forces to promote the development of productivity.

At present, WiMi is deeply engaged in the field of digital entertainment content production, and actively lays out cutting-edge technologies such as virtual digital human, brain-computer interface and AI-based technology, so that the audience can experience the future charm of AI. In addition, WiMi continues to break through the technical breakthroughs of artificial intelligence, provide more intelligent product solutions for all kinds of customers, high-quality AI video can be generated through text, improve the efficiency of content creation, enrich the form of content expression, and bring new development opportunities for film and television, advertising, games and other fields.

WiMi, so to speak, actively into the AI video generation field, further completed the construction of the full modal ability to build, in addition, more importantly, with the launch of Sora and its strategic direction, raw video track or catalytic, will greatly reduce the threshold and cost of video production, improve the content of interest and appeal, vigorously promote the spread of video content and sharing, is expected to benefit from the rapid development of AIGC technology.