ETtech Explained: AI race in focus as ByteDance hits play on AI video creator

ByteDance introduced Jimeng AI, a text-to-video generative app, limited to China. The app, developed by Faceu Technology, allows users to create 80 images or 26 videos for free. Other Chinese companies have also launched their AI models. China has approved over 40 AI models and leads in generative AI patents globally, outpacing the US.
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