The API will only provide access to the Gen-3 Alpha Turbo model, which can produce videos from images seven times faster than the original Gen-3 Alpha. The company hopes that the API will encourage broader adoption across various enterprise use cases, potentially boosting its revenues. Marketing group Omnicom is already using the API, but details of its use have not been revealed. Runway plans to initiate a wider release in the coming weeks to open up access for all waitlisted customers.
Key takeaways:
- New York-based AI startup, Runway, is making its ultra-fast video generation model, Gen-3 Apha Turbo, available via API, allowing developers and organizations to integrate it into their platforms, apps, and services.
- The Runway API is currently available to select partners via two main plans: Base for individuals and small teams, and Enterprise for larger organizations.
- The base price for the API starts at one cent per credit, with five credits required to generate a one-second video. At this stage, only the Gen-3 Alpha Turbo model is available via the API.
- Runway is planning a wider release in the coming weeks to open up access for all waitlisted customers, and is currently gathering feedback from early partners to further refine the offering.