Runway is developing AI video editing tools that are kind of mind boggling. They've also developed a text video model, where you can just turn prompts into some pretty amazing videos. Crystal Ball Valenzuela: It's all kind of feels like magic, which is kind of really interesting and scary at the same time.
The Sunday Times’ tech correspondent Danny Fortson brings on Cristobal Valenzuela, founder of Runway, to talk about using AI to edit and create videos (3:00), starting out at art school (6:50), quitting his job and starting the company in 2018 (8:30), his art career (9:30), rushing to raise money before his visa ran out (14:10), the critical breakthroughs (16:45), what “diffusion” is (18:30), the future of film (21:00), zero-cost content (28:30), coming to America from Chile (33:00), and the challenge of recruiting people (36:20).
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