LTX Studio has introduced Veo 2, a new video generation model, offering users the flexibility to switch between models and a cost-effective way to generate videos at $0.65 for 8 seconds. The platform is currently running a promotional offer, providing up to $300 worth of free Veo 2 generations for users who upgrade to a yearly Standard or Pro plan, which includes additional Veo tokens for the first three months. Kuaishou has launched Kling AI 2.0, claiming it to be the most powerful video-generation model available, surpassing OpenAI's Sora in motion and aesthetic quality. The model, used by 22 million users globally, has generated over 168 million video clips and 344 million images. It has been praised for its improvements in motion, camera control, and coherence, with users generating hyper-realistic videos that rival cinematic blockbusters. Sand AI has released Magi-1, the first open-source autoregressive diffusion model for video generation. It excels in text-to-video and video continuation tasks, with a 24B model available under the Apache 2.0 license that can run on various hardware. The model has been noted for its ability to generate smooth, controllable, story-rich videos.