"We think that through video, we're going to get to video intelligence, and it's going to open a wider set of use cases in different industries that we can't double down on today, but that maybe we can support with our research."
"The next generation of AI models will be built on multimodal data - video, audio, and text - allowing for richer and more complex interactions in various applications."
Runway is expanding its focus from AI video models to fostering an ecosystem around video intelligence. The company has launched a $10 million venture fund to invest in early-stage startups in AI, media, and world simulation. Additionally, it is introducing a Builders program that offers free API credits to startups. Runway aims to explore broader applications of its technology through partnerships with startups, supporting innovative use cases in various industries. The fund's focus includes technical teams, application builders, and companies experimenting with new media forms.
Read at TechCrunch
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