Tencent Holdings has officially launched HunyuanVideo, a text-to-video generation tool based on its Hunyuan AI model. This tool is available for free to both enterprise and individual users and boasts over 13 billion parameters, making it the world's largest open-source model for video generation [42afeab3]. HunyuanVideo is capable of producing high-quality, hyperrealistic videos with convincing camera angles and reflections, further enhancing the capabilities of AI in video content creation [42afeab3].
The launch of HunyuanVideo comes in response to the growing competition in the AI video generation market, particularly after OpenAI's Sora was introduced in February 2024. Kuaishou Technology also entered the fray with its Kling AI Model in June 2024, while Alibaba is reportedly developing Tora, which is based on OpenAI's OpenSora [42afeab3].
HunyuanVideo can create 5-second videos in 720p resolution from prompts provided in either English or Chinese. Users can access this innovative tool through Yuanbao, Tencent's AI chatbot, which reflects the company's strategy to integrate its AI advancements into user-friendly applications [42afeab3]. Since unveiling the Hunyuan model in September 2023, Tencent has made several upgrades to enhance its performance and capabilities [42afeab3].
Meanwhile, ByteDance has also been making strides in the AI video generation space with its Doubao chatbot, which recently introduced a video-generation feature that allows users to convert text or images into lifelike videos. This feature has contributed to Doubao's rise as the most popular AI app in China as of October 2024 [b62451a0]. The competition among these tech giants underscores the rapid evolution of generative AI technologies and their increasing importance in the digital landscape [b62451a0].