CogVideoX is an open-source video generation model developed by a team from Tsinghua University. It supports generating videos from text descriptions and offers various models, including entry-level options and larger models, to meet different quality and cost requirements. The model supports multiple precisions, including FP16 and BF16, and it is recommended to use the same precision as during model training for inference. The CogVideoX-5B model is particularly suited for scenarios requiring the generation of high-quality video content, such as filmmaking, game development, and advertising creativity.