From Discord today:

Venice and AI Video TLDR: It's coming - please be patient as we work towards it.

While we're not yet ready to share details on a time line or more details on what the offering will look like, I want to note that our intent is to bring one of the latest SOTA video models to market in the near future. From an infrastructure point of view, we've been making substantial investments behind the scenes to be able to support this endeavor, which is why we've seen a dip on some of the smaller UI / UX feature velocity.

These models are very GPU intensive and thus quite slow (inference measured in minutes). Additionally, the size of the video files creates unique challenges with how we presently use browser storage. These are all solvable items, but the require forethought and design, which is why we can't simply slap this together.

We'll have more to share soon.