Meta seems to be leaving no stone unturned in its bid to dominate the AI landscape. On Friday, the Mark Zuckerberg-led tech giant announced that it had created a new AI model named Movie Gen which can generate realistic video and audio clips in response to prompts. The company claims that it can rival some of the most capable AI video tools from the likes of OpenAI and ElevenLabs. This development comes months after OpenAI introduced its video model Sora to the world. Even though Sora is not yet out in public, demos shared by OpenAI created a frenzy on the internet especially owing to its hyperrealistic footage and motion that seemed straight out of Hollywood. What is Movie Gen? Meta’s Movie Gen generates videos with the help of text inputs and it can even edit existing footage or still images. Reportedly, the audio added to the video is also generated by AI and this is in sync with the visual. Meta’s AI model also allows users to generate videos in different aspect ratios. “Our …