Chinese start-ups focused on artificial intelligence (AI) have launched MiniMax. With the release of video-01, a new text-to-video producing model, MiniMax has competed with other mainland tech companies trying to match OpenAI's Sora's advancements. Known as one of China's AI "tigers" along with Zhipu AI, Baichuan, and Moonshot AI, MiniMax unveiled video-01 at the company's first developer conference in Shanghai on Saturday. Then, it made it available to the general public via its website.