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.

Last week, AI startup Luma released a series of videos created using its new video generation tool, Dream Machine. The tool is described as a 'highly scalable and efficient transformer model trained directly on video.'