IBL News | New York
AI startup Runway released its latest video model, Gen 4.5, to generate high-definition videos from written prompts.
The company said the model outperformed similar models from Google’s Veo 3 and OpenAI’s Sora 2 Pro on the independent Video Arena leaderboard, noting that it excels at understanding physics, human motion, camera movements, and cause-and-effect.
“We managed to out-compete trillion-dollar companies with a team of 100 people,” Runway CEO Cristóbal Valenzuela said. “You can get to frontiers just by being extremely focused and diligent.” Gen 4.5 was codenamed “David” in a nod to the biblical story of David and Goliath.
With a market valuation of $3.55 billion, Runway’s customers include media organizations, studios, brands, designers, creatives, and students.