Don't Rush to Celebrate Open-Source Video Models

Last Friday night, I was debugging a new project in the company server room. The boss was pushing for a demo that generates a 15-second video from a text prompt. We tried several closed-source APIs; either we waited in queue for ages, or the generated visuals looked like stale animation. A colleague suddenly dropped a message: MiniMax H3 is going open source, 15 seconds at 2K, multimodal. The group chat erupted in cheers. Staring at the screen, my first reaction was: here comes another hype cycle.