ByteDance, the parent company of TikTok, has launched Jimeng AI, a text-to-video application that generates short videos and images from text prompts using generative AI technology, similar to OpenAI's Sora model and Google's Veo.
Developed by ByteDance's subsidiary Faceu Technology (known for CapCut), Jimeng AI is available on app stores for Chinese users, with subscription plans ranging from $9.65 per month to $659 per year.
Several Chinese tech companies, including Kuaishou (Kling AI), Zhipu AI (Ying), and Shengshu (Vidu), have developed similar text-to-video models.
Kuaishou made its Kling AI text-to-video model globally accessible via email registration.
Sources: Reuters, South China Morning Post, Times of India, Economic Times, FoneArena, TMTPost, VOI, Social Media Today, Business Times, CryptoRank, Cryptopolitan, WION, Mobile World Live, Wired Italia, Puls Biznesu, Jagran English, Finimize, MarketScreener, Investing.com, US News & World Report.
This article was written in collaboration with Generative AI news company Alchemiq.
