Stability AI has announced the release of Stable Video Diffusion, a state-of-the-art generative AI video model, which is an advancement based on their image model, Stable Diffusion. This new model is adaptable for various video-related applications and is in a research preview phase, with the code and weights available on GitHub and Hugging Face. It is capable of generating videos with up to 25 frames at customizable frame rates. Although it shows promising performance, surpassing other models in user preference studies, it is currently intended for research purposes only and not for real-world or commercial use. Stability AI continues to expand its suite of AI models across different modalities, contributing to the field of AI with open-source solutions.