Reborn Creating a Short Video with the Runway and Midjourney Generative AI Tools in 10 Hours

Runway’s video editing tool is used by the post-production studio Assembly and the graphics team at The Late Show With Stephen Colbert. Text-to-image generation is one of the more Yakov Livshits than 30 “AI magic tools” that Runway has developed. One tool allows users to erase objects from images and replace them with another image created through a text description.

In any case, after the release of Stable Diffusion, both companies have become benefactors of the same hype in generative AI. Forbes reported that Stability raised at a $1 billion valuation, while others like Jasper ($1.5 billion) and Descript ($550 million, according to a report from The Information) have also raised large rounds in recent months. In November, before Forbes learned of the funding, Valenzuela alluded to the flock of familiar and new VC faces that have reached out to him. The company previously raised a total of $46 million and after a Series B funding round last December, it was valued at $200 million.

Explore the trained model

Runway’s promising Gen2 product has been available to the public since June. The text-to-video solution can also be found among the features, so I was very eager to test what it can do. “Since then, we’ve been pushing the boundaries of the field, and building products on top of that research,” he said, saying Gen-2 is a “big step forward” in the company’s text-to-video efforts. He pointed to the company’s millions of users, ranging from award-winning movie directors and advertising and production companies all the way down to small creators and consumers. Today, AI startup Runway announced its second-generation generative video model called Gen-2.

Isa Muhammad is a writer and video game journalist covering many aspects of entertainment media including the film industry. He’s steadily writing his way to the sharp end of journalism and enjoys staying informed. If he’s not reading, playing video games or catching up on his favourite TV series, then he’s probably writing about them. The company has also shared short demo clips that showcase these features but access is not open to all currently as users will have to sign up to join a waitlist for Gen-2 via the company’s Discord server.

Gen-1

By applying the composition and style of an image or text prompt to the structure of a source video, Gen-2 can realistically and consistently synthesize new videos without the need for lights or cameras. For creative professions including filmmakers, designers, VFX and CGI experts, artists, coders, musicians, students, and educators, Runway ML is a software tool. It makes it simple for them to quickly get up and running with their own projects by assisting Yakov Livshits them in comprehending and incorporating machine learning models into their workflows. Additionally, it gives users a platform to exchange and work together on models with other people. In conclusion, Runway AI is an innovative startup that aims to bring the power of AI to everyone, everywhere with anything to say. Its advanced tools and AI models can help automate and streamline the editing process, making it accessible to anyone with anything to say.

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.

Get ready to experience the magic of movie-making like never before with Runway’s revolutionary Gen-1 technology. Users can simply upload their media and use these tools to enhance, transform, and create new content. Supported by Google Cloud’s technology and scalable infrastructure, Runway will continue to rebuild the creative stack from the ground up, providing creators around the world with access to cutting-edge software. Runway is already enabling customers like CBS, New Balance, Nick, and R/GA, along with Academy Award-winning filmmakers, to bring their creativity to life in new ways. With this new partnership with Google Cloud, Runway will accelerate its ability to deliver technological breakthroughs, while continuing to ensure that the future of content creation is equitable and diverse. Runway AI’s text-to-video capabilities are among the most advanced in the industry.

Products

Gen-2 solves this problem by streamlining the video creation process, allowing you to generate high-quality videos in no time. No more hours spent editing and rendering – with Gen-2, you’re always just a few clicks away from your next great video. We own the entire process from research, to model training, to the deployment of products, and that inherent knowledge of the technology allows us to invent and build products quickly, much faster than other companies in the space. The rise of Generative AI will be as transformative to the industry as the CGI revolution in the 80s, and we are excited to pave the way.

The upgraded model is capable of generating higher-fidelity clips than the original. Moreover, it enables users to generate clips using only text prompts without uploading a source video. Google LLC has reportedly invested in Runway AI Inc., a New York-based startup that develops generative artificial intelligence models. Runway Research unveiled a new generative AI model that can transform existing videos into new ones. Also, Runway’s new model can apply any style by text to prompt or reference images. Gen-2 by Runway creates more realistic and surreal videos compared to its predecessor.

It takes a team of artists, writers, visual effects pros, and in the case of Everything Everywhere All at Once, AWS customer Runway. Based in New York, Runway builds generative AI tools that run in the browser to generate, edit, remix, and reimagine media. After the Oscars hubbub waned a bit, we talked about the future of movies and design with Runway co-founder and CEO Cristóbal Valenzuela. Text-to-image AI is mainstream now, but just waiting in the wings is text-to-video. The pitch for this technology is that you’ll be able to type a description and generate a corresponding video in any style you like.

• You can access RunwayML and its suite of AI Magic Tools directly from your web browser.
• As adoption of generative AI tools continues to increase, we’re moving toward a world where everyone is going to be able to make the films that only a handful of people were able to create before.
• Offers a wide range of features, from basic editing tools such as trimming and cropping, to more advanced features such as color correction, audio mixing, and 3D effects.
• Runway plans to use its new funding to expand its tools for enterprise teams.