A new AI system developed by researchers demonstrates the ability to generate realistic 3D models from simple text descriptions. The technology, which leverages advanced diffusion models, could significantly accelerate workflows in fields like game development, animation, and virtual reality. While promising, the researchers acknowledge current limitations in handling complex textures and fine details. The team has released a preprint paper and code for academic review. For the complete details and technical specifications, read the full article at https://technologyreview.com/2024/05/15/ai-generates-3d-models-from-text.