Pika Labs has unveiled a new version of its AI video generation model. Pika 1.5 offers spectacular special effects that defy the laws of physics, reports Carl Franzen. The software allows users in its videos to melt, crush, or transform objects into cakes. Realistic movements and cinematic camera shots are now also possible. The basic functions are available to both free and paying users. However, creating a 5-second clip now requires 15 credits instead of the previous 10. With these new features, Pika aims to differentiate itself from the growing competition in the field of AI-generated videos.