Video AI: MiniMax challenges ByteDance with low price, open weights for new H3 model

MiniMax, a Chinese AI firm, launched H3, a new multimodal video generation model with open weights and competitive pricing to challenge ByteDance's Seedance 2.5. H3 is currently ranked as the world's most powerful AI model in video editing by Artificial Analysis but trails Google’s Gemini Omni Flash in text-to-video tasks and lags behind Seedance 2.0 and Gemini Omni.