{"id":126796,"date":"2023-05-29T21:50:36","date_gmt":"2023-05-29T15:50:36","guid":{"rendered":"https:\/\/banglapratidin.net\/?p=126796"},"modified":"2023-09-26T19:26:57","modified_gmt":"2023-09-26T13:26:57","slug":"runway-draws-fresh-141-million-as-next-level","status":"publish","type":"post","link":"https:\/\/banglapratidin.net\/runway-draws-fresh-141-million-as-next-level\/","title":{"rendered":"Runway draws fresh $141 million as next-level generative AI video begins to emerge"},"content":{"rendered":"

Runway Raises $50M for its Suite of Creative Tools That Uses Generative AI to Create Content at Scale<\/h1>\n

Since the launch of Stable Diffusion, adoption of the product has been \u201cway more mainstream,\u201d according to Valenzuela. In the long run, he envisions building an Adobe-esque suite of AI-native video editing software tools with fantastical applications. We invent and build AI models for content creation, and we develop tools for our users to create and edit content, through every aspect of the creative process, from preproduction to postproduction. We\u2019re allowing anyone, regardless of skill level, to be able to create professional-grade content. Runway’s successful funding round demonstrates the growing momentum and potential of generative AI in the multimedia content creation industry.<\/p>\n

Current capabilities indicate it’s more of a novelty than a production tool. My biggest piece of advice is to focus on building and own your tech stack. Investors didn\u2019t give us the time of day back in 2018 when we launched, but we kept pushing and building. We gained momentum with the release of Latent Diffusion, but it\u2019s really about building good tools and good products.<\/p>\n

California lawmaker proposes regulation of AI models<\/h2>\n

In conclusion, Gen 2 by Runway is an exciting and groundbreaking development in the world of artificial intelligence and content creation. Its launch marks a new era of possibilities for creators and professionals seeking to harness the power of AI in their work. Whether you are an artist, filmmaker, or content creator, Gen 2 offers tools that can transform the way you create and tell stories. Gen-2 represents a significant advancement in generative AI, as it allows users to create new videos without the need for extensive filming and editing. Its ability to turn any video into a compelling piece of footage has the potential to revolutionize the film industry and bring the magic back to making movies. As the world of artificial intelligence for video continues to turn, many of those first AI apps and tools rushed out the door a few months ago are starting to get their second (and sometimes third or more) waves of updates.<\/p>\n

The scale of Gen 2’s capabilities is vast, as it opens up endless possibilities for storytelling and content creation. NEW YORK and SUNNYVALE, Calif., Aug. 29, 2023 \/PRNewswire\/ — Runway, an applied artificial intelligence (AI) research company building the next generation of creative tools, today announced a new partnership with Google Cloud. Runway will leverage Google Cloud’s purpose-built generative AI (gen AI) tools to build, accelerate, and manage model deployment. Runway will also use Google Cloud’s infrastructure and expertise in scaling AI and machine learning (ML) models to provide easier access to GenAI-powered tools to even more creatives and businesses than ever before.<\/p>\n

Runway began with a mission to build AI for creatives<\/h2>\n

Runway AI supports multiple programming languages, including Python, Processing, and TensorFlow, and has an intuitive interface that simplifies the creative process. The platform also offers various pre-trained models, including image recognition, voice recognition, and natural language processing, which users can customize to suit their creative needs. Using advanced artificial intelligence algorithms, Gen-2 takes your input – whether that’s a text description, images, or pre-existing video clips – and generates a custom video.<\/p>\n

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The growing enterprise client base isn\u2019t surprising, considering the massive hype around all forms of generative AI. In a recent FreshBooks survey, 25% of businesses said that they\u2019re testing generative AI tools, while around 33% plan to try generative AI for work within the next year. Producing high quality video has always had an equally high barrier of entry. Even before that, the field of videography comes with a steep learning curve from the moment you type \u201cHow do DSLR\u2019s work\u201d into Google.<\/p>\n

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Yakov Livshits<\/b>
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\u2019s 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.<\/p>\n

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Its text-to-image and text-to-video AI models, for instance, can help users turn their ideas into reality quickly and easily. Many Runway customers are individual creatives, who pay at least $12 per month to Yakov Livshits<\/a> use the software. It has also been used by enterprise customers like CBS\u2019s Late Show with Stephen Colbert and the visual effects team for Hollywood hit Everything Everywhere All at Once for video editing.<\/p>\n