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☆ Cerebral Valley, the AI conference that spawned a $1.3 billion deal, is coming back to San Francisco this year
▼ + stars: | 2023-09-19 | by ( Alistair Barr | ) www.businessinsider.com time to read: +3 min

Cerebral Valley, an AI conference run by Eric Newcomer's eponymous publication, just announced its second gathering of 2023. CVAI2 (Cerebral Valley AI Summit version 2.0) will take place on November 15 at the SFJAZZ Center in Hayes Valley, San Francisco. The neighborhood is nicknamed Cerebral Valley these days, due to the plethora of AI startups that have sprouted there. Ali Ghodsi, CEO of Databricks, and Naveen Rao, CEO of MosaicML, met for the first time at the initial Cerebral Valley AI Summit. That's the biggest generative AI startup deal so far, by my counting.

Persons: Vinod Khosla, Reid Hoffman, Adam D'Angelo, Eric Newcomer's, Mustafa Suleyman, Ali Ghodsi, Kanjun Qiu, Chris Lattner, May Habib, Naveen Rao, Jason Warner, Max Child, James Wilsterman, Amjad Masad, Clem Delangue, Emad, Daniela Amodei, Cristobal Valenzuela, Shane Orlick, MosaicML, it's Organizations: SFJAZZ, Service, Industry Locations: Hayes Valley, San Francisco, Wall, Silicon, Jasper

☆ How AI startup Runway aims to simplify video editing and filmmaking, from removing backgrounds to generating scenes from text prompts
▼ + stars: | 2023-07-17 | by ( Marta Biino | ) www.businessinsider.com time to read: +4 min

The buzzy generative-AI startup Runway wants to revolutionize video creation and editing. Filmmakers and creators have been using the startup to make video editing more efficient. All sorts of AI startups are cropping up with the promise of simplifying video creation and editing. In traditional video editing, this would be done frame by frame, but Runway's AI can do it automatically. "This is a perfect example, the video required the initial iPhone shot that he recorded and the text prompts," Valenzuela said.

Persons: Cristóbal Valenzuela, It's, Ben Mathews, Valenzuela, Stephen Colbert, Oscar, Quinn Murphy, popstar Alicia Keys, Murphy, Kevin Parry, Runway's, Martin Haerlin, Paul Trillo, it's Organizations: Ventures, Runway, Netflix, Star Wars, Wars

☆ How AI startup Runway is trying to make content creation faster and easier, according to its cofounder
▼ + stars: | 2023-07-13 | by ( Marta Biino | ) www.businessinsider.com time to read: +4 min

The buzzy generative-AI startup Runway wants to revolutionize video creation and editing. Filmmakers and creators have been using the startup to make video editing more efficient. All sorts of AI startups are cropping up with the promise of simplifying video creation and editing. Valenzuela said Runway's research focuses on making storytelling easier in two ways: helping to "see the world" with video editing, and "generating things in the world" with content generation. In traditional video editing, this would be done frame by frame, but Runway's AI can do it automatically.

☆ VC firm Sequoia is pulling out all the stops to dominate AI, insiders say. The firm is using everything from 'speed dating' to star studded summits to woo founders.
▼ + stars: | 2023-05-22 | by ( Stephanie Palazzolo | Ben Bergman | ) www.businessinsider.com time to read: +10 min

It's just one move of many the VC firm has taken to cement its position in the white-hot AI space. Huang and Grady wrote a public blog post on Sequoia's website inviting AI founders to email them their ideas and pitches directly. But the firm has been louder where it counts, investing in splashy AI startups like Harvey and LangChain. Every member of the firm, from managing partner Roleof Botha on down, has made AI a top priority, with Grady, Huang, and Buhler most prominently involved. Both Huang and Buhler now spend over 90% of their time researching AI companies, versus 50% in previous years, they said.

☆ I tried Runway, a buzzy generative AI platform that lets you transform images and videos with text. The results were not what I expected.
▼ + stars: | 2023-05-11 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +2 min

Runway is a generative AI platform with tools for transforming images and video clips. Runway has now made some of its tools publicly available. Theoretically, that makes me an ideal candidate to test Runway, a generative AI platform that aims to make photo editing and filmmaking more accessible to the general public. Runway relies on AI models to let users revamp images and videos in a variety of creative ways, and create images from text prompts. Still, I was a little skeptical that I would actually produce anything of artistic value in my trial of Runway.

☆ Exclusive: Generative AI startup Runway just raised $100 million at a $1.5 billion valuation from a cloud service provider
▼ + stars: | 2023-05-04 | by ( Stephanie Palazzolo | Ben Bergman | ) www.businessinsider.com time to read: +3 min

Generative AI startup Runway has raised a funding round of at least $100 million, Insider has learned. The deal tripled the startup's valuation from its last round to a whopping $1.5 billion. Investors recently told Insider that they were big fans of buzzy photo and video generative AI startup Runway. Runway has raised a Series D funding round of at least $100 million at a $1.5 billion valuation from a cloud service provider, according to multiple people familiar with the deal. Have a tip on a startup funding round?

☆ How Runway's idea for AI-driven video and photo editing and generation went from a "crazy" concept to a Silicon Valley darling worth half a billion dollars
▼ + stars: | 2023-05-01 | by ( Stephanie Palazzolo | ) www.businessinsider.com time to read: +7 min

When Runway's founders first came up with the idea for an AI art startup, they were called crazy. Now, the generative AI startup has become a fan favorite of VCs and the public alike. When Cristóbal Valenzuela began building his generative AI company Runway in 2018, investors, filmmakers, and advertisers told the cofounder that he was crazy. "They were saying, 'why would you want to build AI tools for video and filmmaking?'" Many of these features were developed hand-in-hand with customers, who often described to Runway the problems and obstacles they ran into while creating videos, Valenzuela said.

☆ Startup behind Stable Diffusion releases AI system for generating videos from text
▼ + stars: | 2023-03-20 | by ( Anna Tong | ) www.reuters.com time to read: +1 min

SAN FRANCISCO, March 20 - Runway, the startup that co-created the popular Stable Diffusion AI image generator, has released an AI model that takes any text description – such as “turtles flying in the sky” – and generates three seconds of matching video footage. Citing safety and business reasons, Runway is not releasing the model widely to start, nor will it be open-sourced like Stable Diffusion. The text-to-video model, dubbed Gen-2, will initially be available on Discord via a waitlist on the Runway website. Meta Platforms Inc (META.O) and Google (GOOGL.O) both released research papers on text-to-video AI models late last year. However, the difference is that Runway’s text-to-video AI model is being made available to the general public, said Cristobal Valenzuela, Runway’s chief executive.

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