<ul><li>AI video creator Pika Labs has released Pika 1.5, an upgraded model with new features.</li><li>Pika 1.5 introduces 'Pikaffects,' which are visual effects that can make objects in a video melt, explode, or turn into cake.</li><li>The new version also enhances photorealism and provides more camera control for users.</li><li>Pika Labs faces competition in the AI video-making space but hopes Pikaffects will help carve out a distinct niche.</li></ul>

This AI video generator can melt, crush, blow up, or turn anything into cake

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