IBL News | New York
Runway ML released its latest text-to-video model called Gen-3 Alpha Turbo this month.
The New York City-based company said this AI model is seven times faster and half the cost of its predecessor, Gen-3 Alpha, which gained attention for its realistic video generation.
It costs $10 for 1,000 credits, or $0.01 per credit, and includes a free trial.
‘Gen-3 Alpha Turbo’ builds on the capabilities of Runway’s Gen-3 Alpha, explained Runway co-founder and CEO Cristóbal Valenzuela.
Runway competed with Pika Labs, Luma AI’s Dream Machine, and Kling in the AI video generation market.
OpenAI’s Sora is still out of reach to the public.
Users have found themselves impressed with its combination of speed and quality.
Like most competitors, Runway is facing scrutiny over the sources of its training data, particularly following allegations that the company may have used copyrighted content from YouTube for training purposes without authorization.
In this regard, legal battles over using copyrighted materials in AI training are intensifying.
