Video generation models stories

Jul 31, 2026

ByteDance and MiniMax release competing AI video models within hours

ByteDance released Seedance 2.5 generating 30-second video clips with native audio, while MiniMax launched H3 producing 15-second 2K clips with stereo audio. The near-simultaneous releases underscore China's aggressive advances in AI video generation.

Jul 31, 20264 sources

Jul 14, 2026

PixVerse Raises $439M Series C Extension, Valuation Exceeds $2B

Singapore-based video generation startup PixVerse closed a $439M Series C extension round, pushing its valuation past $2 billion as AI video generation tools gain traction.

Jul 14, 20261 source

Mar 24, 2026

OpenAI shuts down Sora app and API, Disney exits partnership

OpenAI announced it is shutting down its Sora video generation app and API just months after launch. Disney has walked away from the billion-dollar partnership the companies signed in December 2025 following the shutdown.

Mar 24, 20264 sources