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Midjourney, an independent research lab, has announced the upcoming release of its text-to-video generator.
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CEO David Holz revealed that AI model training will complete in January, and the tool is expected to be introduced in the coming months.
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The tool has been popular for mood boards and creating zoom-out videos. The upcoming release will extend its capabilities to video previsualizations.
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Midjourney enters a competitive field with its video generation announcement, facing rivals like Runway ML, Google, Pika, Stability AI, and Leonardo AI.
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Despite the crowded market, Midjourney aims to potentially demonstrate another leap in AI development.
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The announcement lacks details on how Midjourney's video model will work or the exact release date.
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Questions about the ethics of training models on artists' works without acquiring rights remain unanswered.
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The news was shared during a weekly Discord office hours session, and further updates are expected in the coming months.