Part 6/12:
ByteDance's timing is impeccable. OpenAI's much-anticipated Sora—initially announced in February with promises of generating up to 60 seconds of high-quality video from text—still remains unreleased. This gap has created a window for ByteDance to stake its claim.
Meanwhile, other companies are also aggressively developing AI video tools. Runway's Gen-1, Cing AI, and P Labs' Pika have launched or upgraded products capable of producing multi-minute videos, each with unique strengths and limitations. For instance, Cing AI excels in rapid video generation but is limited to single-shot scenes, while P Labs' Pika 1.5 boasts realistic movements and mind-blowing visual effects.