Chinese AI firm MiniMax launched its H3 multimodal video-generation model on July 31, 2026. The model produces 15-second 2K videos with stereo sound at less than one-third the cost of mainstream rivals. To challenge competitors like ByteDance and Kuaishou, MiniMax plans to release H3's model weights. Additionally, the model is designed to run on Chinese-made chips, supporting domestic efforts to reduce reliance on U.S. semiconductors.
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