Runway Raises $50M to Expand Its Suite of Generative AI Tools

RunwayML Releases Gen-2: Text to Video Generative AI

But systems like the one Runway has created could, in time, replace editing skills with the press of a button. Less than two minutes later, an experimental internet service generated a short video of a tranquil river in a forest. The river’s running water glistened in the sun as it cut between trees and ferns, turned a corner and splashed gently over rocks.

runway generative ai

Runway’s video editing AI offers a streamlined workflow, allowing users to quickly and easily edit videos with minimal effort. Yes, Runway AI is constantly improving and updating its tools and AI models to provide the best editing experience for its users. After signing up, you will be able to explore the various tools that Runway offers for video editing. These tools include instant rotoscoping, motion tracking, audio clean up, transcription and subtitle creation, and exporting alpha mattes. The world’s best AI researchers, artists, and software developers …or hedge fund promoters? ” wrote Amplify Partners founder Sunil Dhaliwal, a Runway board member, on Twitter (Stability’s Mostaque was previously a hedge fund manager).

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Valenzuela says that Runway’s customer base now spans Fortune 500 and Global 2000 companies, including New Balance and “millions” of individual creators. But to Runway’s credit, Gen-2 — the follow-up to Runway’s Gen-1 model launched in February — is one of the first commercially available text-to-video models. Our mission is to provide you with great editorial and essential information to make your PC an integral part of your life. You can also follow on our social channels and interact with the team there. To Web3, we help creatives and entrepreneurs keep up with daily updates, tutorials, tips and more.

Runway has also developed an image-to-image generator that allows users to tweak a generated image by uploading the image and writing a description that includes any changes they would like to see. However, most users will want to try the image-to-image, text-to-image, and video-to-video tools which enable them to produce video content from scratch. Some of these tools have also been used in other generative AI products such as DALL-E, Midjourney, and Runway’s own deep learning model Stable Diffusion. Runway ML has many incredible features, but its most impressive and talked about feature is its ability to generate short video clips from just a text prompt. While the technology is still early (limited to producing 4 second videos and 320 character prompts), it gives us a fascinating glimpse into the future of video.

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The global AI video generator market was estimated at $473 million in 2022, with a projected CAGR of 19.7% from 2023 to 2030. Israeli startups developing Generative AI for video include D-ID and Hour One, specializing in photorealistic video creation using deep learning. Peech and GlossAI also leveraging AI for innovative video content creation. While this isn’t a new feature per se, Runway has announced that they’ve refined their existing AI technology for improved video generation. And, unlike other text-to-video features and apps you might see, this tech is based around an image input for true image-to-video AI generation.

  • The Standard plan costs $12 per user per month (billed annually as $144) and includes 625 credits per month, which equates to 125 seconds of Gen-2.
  • Runway AI is designed for anyone who wants to create and edit videos, regardless of their level of technical expertise.
  • For Runway, this isn’t their first launch into AI-powered video editing software.
  • At this stage, Gen-2 is more of a novelty or toy than a genuinely useful tool in a video workflow.
  • When using generative AI, it’s crucial to provide clear context and input to achieve the desired outcome.

We have grown a lot over the last four years and will keep pushing the boundaries of AI in content creation. I started Runway with my two cofounders – Alejandro Matamala-Ortiz and Anastasis Germanidis. We were interested to see how computational creativity and neural techniques could serve artists and creatives, so we built tools for them to interact with this emerging technology. As we saw the patterns of usage develop, we saw a lot of opportunity in the video editing space, and shifted our focus to making video editing faster and easier. Runway is an applied AI research company that has developed a creative suite with more than 30 AI Magic Tools that allow users to generate and edit content, serving every aspect of the creative process.

Yakov Livshits
Founder of the DevEducation project
A prolific businessman and investor, and the founder of several large companies in Israel, the USA and the UAE, Yakov’s corporation comprises over 2,000 employees all over the world. He graduated from the University of Oxford in the UK and Technion in Israel, before moving on to study complex systems science at NECSI in the USA. Yakov has a Masters in Software Development.

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Supported by Google Cloud’s technology and scalable infrastructure, Runway will continue to reshape the creative software landscape, granting creators worldwide access to cutting-edge software solutions. Already, Runway has facilitated creative endeavors for prominent clients such as CBS, New Balance, Nick, R/GA and filmmakers, pushing the boundaries of creativity. Yes, Runway AI is Yakov Livshits designed to be user-friendly and accessible to everyone, regardless of their level of technical expertise. Its browser-based tool makes it easy to get started, and its intuitive interface and drag-and-drop functionality make it easy to use. Additionally, Runway AI offers a range of tutorials and support materials to help users get started and learn how to use its tools effectively.

runway generative ai

With Runway’s AI-assisted video editing, users can save time and effort by quickly creating professional-looking videos with minimal effort. By following these steps, you can start using Runway AI to create amazing videos and explore the endless possibilities of AI-generated content. Also in that time, as Designers we have a million ideas for what that cool new technology could do. But when i first tried to get my hands dirty with some generative AI algorithms to play around, I was quickly stumped by the difficulties of setting everything up and understanding all the different components involved. The videos are only four seconds long, and the video is choppy and blurry if you look closely. The system has a way of merging animals like dogs and cats with inanimate objects like balls and cellphones.

Can I download RunwayML?

The platform uses machine learning algorithms to generate videos from text, making it possible to create animated videos quickly and efficiently. Runway AI’s text-to-video capabilities can be used for a wide range of applications, including explainer videos, marketing materials, and even films. One of the most exciting aspects of Runway AI is its ability to explore the intersection of art and technology. The platform allows artists and designers to create generative art, which is an art that is created through a process that involves the use of algorithms, data, and code. Generative art can be used to create interactive installations, digital sculptures, and other forms of media that blur the line between art and technology.

runway generative ai

“Stable Diffusion didn’t exist until we invented it,” Valenzuela said in November. Since its public launch in September, the model has been used by more than 10 million people. Runway offers a web-based video editor that specializes in AI tools like background removal and pose detection. The company helped develop open-source text-to-image model Stable Diffusion and announced its first AI video editing model, Gen-1, in February. Companies like Runway, which has roughly 40 employees and has raised $95.5 million, are using this technique to generate moving images. By analyzing thousands of videos, their technology can learn to string many still images together in a similarly coherent way.

Runway released an AI model that can transform existing videos into new ones

In October, Runway launched a platform that allows creative teams to collaboratively edit videos together in real time. The company also allows creators to train their own custom AI models by uploading their own images. Runway plans to use its new funding to expand its tools for enterprise teams.

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