Runway CEO Cristóbal Valenzuela posted two phrases on X this afternoon in response to right this moment’s OpenAI shock demo drop of its new Sora video AI mannequin, which is able to producing 60-second clips: “sport on.”
Clearly, the race for video AI gold is on. In any case, just some months in the past Runway blew folks’s minds with its Gen-2 replace. Three weeks in the past, Google launched its Lumiere video AI era mannequin, whereas simply final week, Stability AI launched SVD 1.1, a diffusion mannequin for extra constant AI movies.
Stability AI CEO Emad Mostaque responded positively to the Sora information, calling OpenAI CEO Sam Altman a “wizard.”
At present’s Sora information firmly squashed any speak about OpenAI “leaping the shark” within the wake of Andrej Karpathy’s departure; stories that it was all of the sudden stepping into the net search product enterprise; and Sam Altman’s $7 trillion AI chips mission.
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Runway has a necessity for velocity
In June 2023, Runway was valued at $1.5 billion, after elevating $141 million from traders together with Google and Nvidia.
In January, Runway introduced it added a number of movement controls to AI movies with its Multi Movement Brush, whereas it’s as but unclear what characteristic set Sora presents, or its limitations.
Coincidentally, I spoke to Runway’s artistic director Jamie Umpherson yesterday about what I feel is among the firm’s actually fascinating and intelligent non-video promotional artwork initiatives — its Gen-2 E book of Weights, an analog printed booklet of nothing however numbers that’s the first quantity (of 6834) what would be the complete assortment of Gen-2 mannequin weights.
“It was a enjoyable experiment,” he instructed me, including it got here from a “dialog in passing as loads of these extra artistic experimental concepts do — we had been simply discussing how humorous it will be to make the weights of the mannequin tangible, visible, one thing that you would really eat.”
For now, nonetheless, Runway will most actually need to be laser-focused not on artwork or philosophy, however maintaining with OpenAI and the remainder of the pack to be able to hold tempo within the video AI race.
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