This is all very impressive. I can't help to wonder though. How is text-to-video going to benefit humanity? That's what OpenAI is supposedly about, right? We'll get some groundbreaking film content out of this in the hands of a few talented creatives, and a vast ocean of mediocre content from the hands of talentless people who know how to type. What's the benefit to humanity, concretely?
They can probably reverse engineer this to build a multi-modal GPT that is fed video and understands what is going on. That's how you get "smart" robots. Active scene understanding via the video modality + conversational capabilities via the text/audio modality.