Luma AI has introduced its new AI reasoning video model, Ray3, which enhances video creation by allowing for more complex action sequences and improved error handling. This model features a visual annotation tool for better user interaction and supports 16-bit HDR for higher quality clips. Additionally, Ray3 offers a draft mode for quicker testing of ideas before finalizing high-resolution outputs.

The article introduces Ovi, a video and audio generation model developed by Character AI, which can create synchronized content from text or text-image inputs. Ovi supports various resolutions and aspect ratios, offers a user-friendly experience with example prompts, and is designed for high-quality audio and video outputs. It also provides integration options and a roadmap for future improvements.