MiniMAX, a new AI video tool from China, has been launched, offering free text-to-video generation capabilities. Backed by major investors Alibaba Group and Tencent, this tool allows users to create videos using text prompts. It is currently free to use and supports most phone numbers. The tool has been compared to Sora, another AI video platform, and has been praised for its high-definition video quality. MiniMAX aims to push the boundaries of AI creativity by enabling the creation of unique visual content. The official AI film Magic Coin was created entirely with text-to-video.