Singapore – Meta has announced the launch of ‘Movie Gen’ an artificial intelligence-powered video generation tool designed to help creatives in producing custom videos and audios using their own prompts. It builds on the tech giant’s two waves of generative AI model work–namely the Make-A-Scene series of models and with the Llama Image foundation models.

In a blog post, Meta stated that ‘Movie Gen’ has four capabilities: video generation, personalised video generation, precise video editing, and audio generation. According to the post, they have trained these models on a combination of licensed and publicly available datasets.

“These foundation models required us to push on multiple technical innovations on architecture, training objectives, data recipes, evaluation protocols, and inference optimisations,” the company said.

Meta acknowledges that while the research they are sharing today shows tremendous potential for future applications, they acknowledge that their current models have limitations. 

“Notably, there are lots of optimisations we can do to further decrease inference time and improve the quality of the models by scaling up further,” it added.

It has encouraged creatives to imagine animating a ‘day in the life’ video to share on Reels and editing it using text prompts, or creating a customized animated birthday greeting for a friend and sending it to them on WhatsApp. For the company, with creativity and self-expression taking charge, the possibilities are infinite for creatives out there.

“As we continue to improve our models and move toward a potential future release, we’ll work closely with filmmakers and creators to integrate their feedback. By taking a collaborative approach, we want to ensure we’re creating tools that help people enhance their inherent creativity in new ways they may have never dreamed would be possible,” the company said.

Seoul, South Korea — VideoMonster Inc., the online short-form videomaking solutions provider based in South Korea, has announced that it has secured a Series A round investment worth KR₩3b or approximately US$2.5m. Participants in this round include Innopolis Partners, Smart Study Ventures, ETRI Holdings, and Union Partners.

Through the funding, VideoMonster. plans to accelerate the adoption of AI technology in advancing its services, including the launch of the long-form video editing solution.

Chun Donghyuk, CEO of VideoMonster, said, “Having successfully closed the Series A round, we have gained the momentum to introduce AI technology for the entire solution. With this, we plan to innovate the entire video editing process and focus on the advancement of service for our target users in the global market.”

Established in 2019, Videomonster underwent a global expansion and is now present in more than five other countries and continues to pursue strategic localisation, starting with local language services, including English, Thai, Vietnamese, and Indonesian. The company has also leapt forward as a global service by achieving 150,000 monthly average users within six months of expanding overseas.