Runway's Gen-2 AI model is a video-generating app that learns how to clear noise and create four-second videos from text prompts or images. Although reviewers have criticized its video quality, it's a great tool for designers and artists. A significant step in developing AI that can produce full-length movies.
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Generative AI start-up, Runway, secures $100m from a top cloud provider, believed to be Google, and signs a $75m cloud deal. This deal underlies the increasing interest of cloud providers in AI. Runway's new valuation is $1.5bn.
Top 10 June tech headlines, Elon Musk's China visit, Amazon's palm payment, Salesforce's restructuring pays off, Nvidia hits trillion-dollar status, and more.
Cristóbal Valenzuela's AI company, Runway, has come a long way. In 2018, Runway secured nearly $100 million in funding, making it a current worth of $500 million. Its AI-driven technology has been featured in award-winning blockbusters, and its tools are used by customers like New Balance for brainstorming, storyboarding and prototyping. With Valenzuela's diverse background and knowledge in AI, Runway is pushing the bounds of innovation and making video creation accessible to everyone.
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