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In this Two Minute Papers video, Dr. Kroly Zsolnai-Fehr discusses AI-generated images and videos, particularly focusing on OpenAI's DALL-E 2. These AI models use text prompts to create images, with noise patterns transforming into the desired image. Other AI models like Google's Parti and Imagen are also capable of generating creative images. However, a common issue among these models is the lack of consideration for model weight.