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‘Game on’ for video AI as Runway, Stability react to OpenAI’s Sora leap

Feb 20, 2024 - venturebeat.com
OpenAI has unveiled its new Sora video AI model, capable of generating 60-second clips, intensifying the competition in the video AI industry. The announcement was met with a competitive response from Runway CEO Cristóbal Valenzuela, who posted "game on" on social media. Other competitors in the field include Google's Lumiere video AI generation model and Stability AI's SVD 1.1, a diffusion model for more consistent AI videos.

Runway, valued at $1.5 billion in June 2023, recently added multiple motion controls to AI videos with its Multi Motion Brush. However, it remains unclear what features Sora offers or its limitations. Despite the competition, Stability AI CEO Emad Mostaque responded positively to the Sora news, praising OpenAI CEO Sam Altman. The news of Sora's release has quashed rumors of OpenAI's decline following the departure of Andrej Karpathy and other developments.

Key takeaways:

  • OpenAI has released a new Sora video AI model capable of generating 60-second clips, intensifying the competition in the video AI industry.
  • Runway, valued at $1.5 billion in June 2023, recently added multiple motion controls to AI videos with its Multi Motion Brush.
  • Other competitors in the video AI race include Google with its Lumiere video AI generation model and Stability AI with its SVD 1.1 diffusion model.
  • Despite recent departures and diversification into the web search product business, OpenAI's new release quashes any talk of the company losing its edge in the AI field.
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