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(Reuters) - Runway is in talks with investors including private equity firm General Atlantic to raise $450 million at a valuation of about $4 billion for the artificial intelligence-powered video ...
The battle for Hollywood 2.0. Text-to-video generative AI tools could bring massive changes to the entertainment industry. Runway. HQ: NYC Founded: 2018 CEO: Cristóbal Valenzuela Employees: 85 ...
Runway, which develops generative AI tools focused on film and image, is valued at a reported $1.5 billion. It has the backing of big-name investors, including Alphabet's Google ( GOOG, GOOGL ...
v. t. e. Sora is an upcoming generative artificial intelligence model developed by OpenAI, that specializes in text-to-video generation. The model generates short video clips corresponding to prompts from users. Sora can also extend existing short videos. As of August 2024 it is unreleased and not yet available to the public.
Gen-2 is a multimodal AI system that can generate novel videos with text, images or video clips. The model is a continuation of Gen-1 and includes a modality to generate video conditioned to text. Gen-2 is one of the first commercially available text-to-video models. [28] [29] [30] [31]
Generative AI models are used to power chatbot products such as ChatGPT, programming tools such as GitHub Copilot, [67] text-to-image products such as Midjourney, and text-to-video products such as Runway Gen-2. [68] Generative AI features have been integrated into a variety of existing commercially available products such as Microsoft Office ...
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