MiniMax to Buy AI Video Startup Avolution.ai
Generative AI firm MiniMax is acquiring Avolution.ai, an AI video startup. The deal, confirmed by multiple sources, follows Avolution.ai's development of LCM-based visual models and its anime video platform, YoYo. MiniMax's move strengthens its position in the competitive AI video generation market, building on its Hai Luo AI platform's success.