Summary

  • Lightricks, the company behind apps including Facetune and VideoLeap, has launched its most powerful AI video generation model to date, LTX Video 13-billion parameter (LTXV-13B).
  • LTXV-13B generates professional-quality AI video up to 30 times faster than comparable models, and is intended to be operated on consumer-grade hardware rather than expensive enterprise GPUs.
  • The model uses a technique called multiscale rendering, which generates video in progressive layers of detail, enabling creators to produce content more quickly and on standard desktops or high-end laptops.
  • LTXV-13B is available as an open-source release, and is being integrated into Lightrick’s LTX Studio platform.
  • The company plans to monetise the model through licensing agreements with larger enterprises generating over $10m in revenue.

By Michael Nuñez

Original Article