AVI (Audio Video Interleave) is a digital multimedia container format developed by Microsoft in 1992 for its Video for Windows project. This file format saves both video and audio data in its container that supports synchronous audio-with-video playback. And like DVD format, AVI allows multiple audio and video streaming as well.
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MXF (Materia Exchange Format) is an audiovisual container format developed by SMPTE. It contains full metadata and timecode support and is considered as the future standard for audio and video applications. Theoretically, MXF can streamline data between different platforms, like servers and digital cameras.
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SMPTE (Society of Motion Pictures and Television Engineers)