Alibaba's Tongyi is set to unveil its video generation large model at the upcoming Yunqi Conference, attracting significant attention from the industry. Currently, the Tongyi App channel and Tongyi Wanxiang PC version have quietly launched the 'Video Generation' entry, although the functionality is not yet open and users can only make reservations. According to page information, this new video generation large model is independently developed by Alibaba's Tongyi Laboratory, featuring two main creation modes: 'Text-to-Video' and 'Image-to-Video', allowing users to generate corresponding video content from text or images. This launch will undoubtedly bring new opportunities for content creators.

Recently, MiniMax secretly launched its first video generation large model and showcased a 2-minute video titled 'Magic Coin' generated by this model. Founder Yan Junjie revealed that the model outperforms Runway in video generation quality, but specific parameters and technical details have not yet been disclosed. MiniMax plans to continue iterating in future versions to enhance data, algorithms, and usage details, and aims to add the ability to generate videos from images and a combination of text and images in future updates. Regarding commercialization, the company will consider it once the new version reaches a satisfactory state.

With the official launch of the global membership service, the official website shows that the membership system is divided into three levels, similar to the domestic setup. For example, for the monthly card, the prices for the three membership levels are $10, $37, and $92, which correspond to 660, 3000, and 8000 inspiration points, respectively. These inspiration points can be used to generate 66, 300, or 800 five-second high-quality videos. In addition to the monthly card, various package options such as quarterly, semi-annual, and annual cards are also available.