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TikTok owner ByteDance launches text-to-video AI, MagicVideo-V2
ByteDance have launched a new AI-powered video creation tool called MagicVideo-V2, which promises to outperform competitors.
ByteDance, the company behind TikTok, has released a new artificial intelligence tool called MagicVideo-V2 that significantly pushes boundaries in text-to-video generation. In human evaluations comparing videos created by MagicVideo-V2 and other leading text-to-video generators like Pika 1.0 and Stable Diffusion-XT, ByteDance’s new tool noticeably outperformed competitors. The opportunity for users to create incredibly intricate videos and add generated audio using these tools puts TikTok in front of its competitors in video-focused social media and it will be a challenge for others to keep up if their innovations continue.
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