Startup Magicly (formerly Retomagic) announced a neural network for generating videos based on text descriptions. The startup partially trained the neural network using its own computing resources. Previously, Magicly launched a solution for generating images from text in any language.
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The startup Magicly (formerly Retomagic) has announced the launch of a neural network for generating videos based on text descriptions, the founder and CEO of the startup, Mark Krasotin, told RB.RU.
The quality of video generation is not inferior to such popular solutions as unway GEN 3, Luma Dream Machine and Kling, Krasotin noted. The neural network was partially trained using its own computing resources, which were purchased from NVIDIA as part of the Inception startup program.
To fully launch the neural network, Magicly has partnered with Huawei, which will spend $150,000 on maintaining the service. Its launch will take place in the near future, Krasotin added.
In September 2022, Magicly introduced a text-to-image generator in any language in its mobile app. The Retomagic service is available in all major app stores (AppStore and Android).
In December of the same year, the startup presented the first version of the social network, where all content is generated by artificial intelligence.
Author:
Kirill Bilyk
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
