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AI video startup Runway has raised $308 million in a new funding round led by private equity firm General Atlantic. The funding will help Runway expand its new media ecosystem. Sources say the New York-based Runway is now valued at over $3 billion following this latest round. In addition to General Atlantic, several other prominent firms participated, including SoftBank.

Recently, New York-based company Runway announced the launch of a new talent network aimed at helping brands, agencies, and film production companies hire AI film creators. With advancements in video generation by Google and OpenAI, Runway hopes to expand the application of its AI video tools through this platform. The new Runway talent network provides a platform for creators, artists, and companies focused on AI video tools from around the world to showcase their work.

Recently, AI video generation technology has garnered significant attention. To promote the development of this emerging field, Runway announced the establishment of a new film fund, planning to invest 5 million dollars to support the production of up to 100 original films. This is no small amount, especially for directors looking to leverage AI in their creative processes, as it presents a rare opportunity. Runway's '100 Film Fund' aims to finance projects that can apply their generative video models in the creative process.

Recently, AI startup Runway announced a collaboration with renowned film production company Lionsgate. This news has caused quite a stir in the film industry, as it marks the first agreement between a major film company and an AI video model provider. Runway is headquartered in New York City and has received support from companies like Google. Although Runway's technology has already been used by some filmmakers in Hollywood, such as in the Oscar-winning film 'Everything Everywhere All at Once',

In today's rapidly advancing field of artificial intelligence, AI video generation technology has reached a significant milestone. Runway from New York and Luma AI from San Francisco have almost simultaneously launched their respective video generation APIs to the market, providing developers and businesses with unprecedented creative tools and attracting widespread attention in the industry. Runway's Gen-3Alpha Turbo AI video model API was the first to be unveiled. This product is currently in a phased rollout, initially accessible only to select partners.