Despite some inconsistencies in the output, Pika 1.0 is expected to improve as it goes mainstream and updates are made. To use the platform, users sign up via Google or Discord on Pika's web platform and are then enrolled on a waitlist. After receiving full access, users can start creating video content in varied styles. The company has raised $55 million in funding at a valuation of nearly $200 million.
Key takeaways:
- Pika Labs has launched its text-to-video AI platform, Pika 1.0, which allows users to generate and edit videos in diverse styles from simple text prompts.
- Pika 1.0 comes with a conversational interface where a user enters the idea of the video they envision, and the underlying model produces the results.
- The tool offers a wide range of customizations, including adjusting frames per second, aspect ratio, motion elements, and the ability to fine-tune the produced clip.
- Pika Labs faces competition in the AI video space from other players such as Adobe, Runway, and Stability AI.