Cristóbal Valenzuela, Co-founder and CEO of Runway
Cristóbal Valenzuela is the CEO and co-founder of Runway, a full-stack, applied AI research company that trains and builds generative AI models for content creation. In the past year, his team has developed a creative suite with more than 30 AI Magic Tools that allow users to generate and edit content, serving every aspect of the creative process. Cris’ innovation and vision at Runway is enabling a new generation of storytellers to create and push the boundary of what’s possible across mediums.
CEO and co-founder of Runway, one of the most well-known businesses that generates videos using AI, is Valenzuela. Runway has raised more than $200 million since its establishment in Brooklyn in 2018. Its technology has been utilized by Stephen Colbert’s The Late Show and editors working on the Oscar-winning 2022 film Everything Everywhere All at Once.
2023
In the IT industry right now, generative AI is the trendiest question. It can perform difficult tasks in a matter of seconds that would take hours to accomplish by hand, such as creating graphics with simply a text input or solving complex equations. One such generative AI tool with a focus on content creation is Runway. With only a few instruction, it can generate sounds, pictures, films, and even three-dimensional buildings. Best of all, it’s free.
Runway has launched Runway Gen-2, a multimodal AI system that can create photos, films, and text-based movies. It is an updated version of the company’s generative AI model. Runway on cellphones may be used to create multimedia easily, thanks to an iOS software.
Now, users may use straightforward text instructions to create new movies. Runway Gen-2 can produce four-second videos for free accounts that may be downloaded and shared on any platform, but they will have a watermark. A second of video generation uses five credits, and free Runway users will receive 500 credits. A membership plan is also available, providing customers with additional tools and powers to further customize the output. Monthly cost of this subscription is $12.
I’m calling it. Creative software is dead. It’s the end of an era.
Creative software 1.0 was about separating specific tasks into domains. Vector graphics, NLE, motion graphics, image editing, 3D, audio editing, compositing, etc. are highly specialized fields.
