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Runway announces an API for its video-generating AI models | TechCrunch

Sep 17, 2024 - news.bensbites.com
AI startup Runway has announced an API to allow developers and organizations to integrate its generative AI models into third-party platforms, apps, and services. The API, currently in limited access, offers a single model, Gen-3 Alpha Turbo, and two plans, Build and Enterprise. The company, valued at $1.5 billion, faces competition from OpenAI, Google, and Adobe in the video generation space. Runway's API comes with disclosure requirements, including a "Powered by Runway" banner on any interfaces using the API.

However, the company faces legal questions around the use of copyrighted data for training its video-generating models. A report revealed that Runway's training data included links to YouTube channels belonging to Netflix, Disney, and other creators. While some AI vendors claim fair use provides legal cover, others are opting for a more ethical approach to model training. The rise of generative AI video tools is expected to disrupt the film and TV industry, with a study predicting over 100,000 U.S. entertainment jobs will be affected by 2026.

Key takeaways:

  • AI startup Runway has announced an API that allows developers and organizations to integrate its generative AI models into third-party platforms, apps, and services.
  • The Runway API currently offers a single model, Gen-3 Alpha Turbo, and two plans, Build and Enterprise.
  • There are legal concerns around the use of copyrighted data in training these video-generating models, with Runway refusing to disclose the sources of its training data.
  • Generative AI video tools are predicted to significantly disrupt the film and TV industry, with a study estimating that more than 100,000 U.S. entertainment jobs will be disrupted by generative AI by 2026.
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