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

Runway struggled with these details, but after several attempts, I found a solution that made it into the video. About Google CloudGoogle Cloud accelerates every organization’s ability to digitally transform its business and industry. If done, it would be an amazing feat and a step forward in developing generative AI technology.

Runway claims that “if you can say it, now you can see it,” and the program lives up to its promise. The software analyzes written prompts and produces videos based on the user’s input within minutes, if not seconds. In architecture and interior design, Runway AI has been used to create realistic 3D models of buildings Yakov Livshits and interiors. With its ability to accurately simulate lighting and materials, Runway AI can help designers visualize their creations before they are built, saving time and money in the design process. Gen 2 is part of Runway’s mission to enable new types of creative tools through multimodal AI systems.

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The startup has previously raised $100 million in funding from VCs like Amplify Partners, Lux Capital, Madrona, Coatue, and Felicis Ventures. Based on user studies, the results from Gen-2 are better received over existing methods for image-to-image and video-to-video translation. It outperforms Stable Diffusion 1.5 with a preference rate of 73.53% and Text2Live at 88.24%.

Runway was founded in 2018 by Valenzuela, Alejandro Matamala and Anastasis Germanidis. Valenzuela met Matamala and Germanidis while in art school at NYU, where the trio came to realize that they shared a curiosity in AI’s creative potential. From there, Valenzuela, Matamala and Germanidis started building a suite of AI-powered tools geared toward moviemakers, cinematographers and photographers. AI systems for image and video synthesis are quickly becoming more precise, realistic and controllable.

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A start-up in New York is among a group of companies working on systems that can produce short videos based on a few words typed into a computer. In conclusion, I believe Runway is an incredibly useful tool on the product/creative side. It serves prototyping and testing purposes, allowing for quick execution of ideas and concepts (even hundreds of them) within a short timeframe.

It provides a suite of AI Magic Tools that enable users to generate videos, images, and more using advanced AI technologies. Runway ML is designed to empower storytellers, brands, enterprises, and creatives to tell their stories in new and innovative ways. What sets Runway AI apart from other video-editing software is its use of AI and machine learning algorithms to automate and enhance the editing process. With its advanced tools, Runway AI can help users create content that would have otherwise required a team of experts or expensive software. Furthermore, Runway AI’s browser-based tool makes it accessible to everyone, regardless of their level of technical expertise. Runway is an applied AI research company shaping the next era of art, entertainment and human creativity.

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.

Business Technology Overview

Runway AI is one such tool that has made waves in the creative community with its cutting-edge capabilities. Runway AI is an AI-driven platform that enables artists and designers to create and experiment with various creative projects, from generative art to interactive installations and beyond. Gen-2 is a generative AI model that allows users to generate new videos out of existing ones, using words and images to create compelling pieces of footage.

Midjourney is one of many services that can generate realistic still images from a short prompt. Others include Stable Diffusion and DALL-E, an OpenAI technology that started this wave of photo generators when it was unveiled a year ago. It’s a collection of a lot of pixels blended together to create a realistic video. The company plans to offer its technology with other tools that it believes will speed up the work of professional artists.

It is a testament to the rapid advancements in AI technology and its potential to redefine the boundaries of human creativity. Gen-2 is a versatile tool suitable for businesses of all sizes, content creators, educators, and anyone looking to create high-quality videos with ease. Whether you’re Yakov Livshits in the marketing, education, entertainment industry, or simply a hobbyist, Gen-2 can help elevate your content to the next level. Pricing varies based on usage and additional features, but the basic plan starts at a reasonable cost, making high-quality video production accessible to all.

Their work has spanned from films such as Everything Everywhere All at Once and everyday users on YouTube and TikTok. As a cutting-edge development in the field of artificial intelligence, Gen 2 is poised to revolutionize the way we approach creativity and content generation. With its launch, Runway has taken a significant step forward in the realm of generative AI, enabling creators to synthesize new videos and images with unprecedented ease and realism. The exact launch date is not mentioned, but it is evident that Gen 2 is a fresh addition to Runway’s suite of AI tools. For one, it can help automate and streamline the editing process, saving time and effort. Additionally, Runway AI’s tools can help users create content that they might not have been able to otherwise.

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I chose the method of providing a textual prompt and an additional reference image to ensure the final result closely matched my envisioned concept. By utilizing Midjourney, a program I am familiar with, I quickly achieved a visual solution that aligned with my mental image. In total, I created 34 Midjourney images, which can be seen as storyboard frames. Midjourney greatly facilitated visualizing the imagined world and atmosphere during this type of project. It is an invaluable tool for creative professionals during the preparatory phase.

• According to some creators, several of whom VentureBeat spoke to on the record, Adobe trained Firefly on their stock images without express notification or consent.
• In February 2023, Runway released a mobile app with access to the Gen-1 video-to-video AI model.
• Technologies, Runway’s system learns by analyzing digital data — in this case, photos, videos and captions describing what those images contain.
• It takes a team of artists, writers, visual effects pros, and in the case of Everything Everywhere All at Once, AWS customer Runway.
• I started Runway with my two cofounders – Alejandro Matamala-Ortiz and Anastasis Germanidis.