China’s generative video race heats up

News Snapshot:

On Monday, Tencent, the Chinese internet giant known for its video gaming empire and chat app WeChat, unveiled a new version of its open source video generation model DynamiCrafter on GitHub. It’s a reminder that some of China’s largest tech firms have been quietly ramping up efforts to make a dent in the text- and image-to-video space. Like other generative video tools on the market, DynamiCrafter uses the diffusion method to turn captions and still images into seconds-long videos. Inspired by the natural phenomenon of diffusion in physics, diffusion models in machine learning can transform simple data into more complex...