The original startup behind Stable Diffusion has launched a generative AI for video

Set up in 2018, Runway has been developing AI-powered video-editing software for several years. Its tools are used by TikTokers and YouTubers as well as mainstream movie and TV studios. The makers of The Late Show with Stephen Colbert used Runway software to edit the show's graphics; the visual effects team behind the hit movie Everything Everywhere All at Once used the company's tech to help create certain scenes. In 2021, Runway collaborated with researchers at the University of Munich to build the first version of Stable Diffusion. Stability AI, a UK-based startup, then stepped in to pay the computing costs required to train the model on much more data.