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Runway announces even faster, cheaper AI video model Gen-3 Alpha Turbo

Why would Runway offer a newer, faster version of its latest model with the same quality of AI video generations at a lower price?

It makes sense if the company wants to maintain its lead in offering highly realistic, Hollywood-quality generative AI video models even as insurgents and upstarts nip at its heels, including Pika Labs, Luma AI, Kling, and of course, OpenAI’s Sora, the latter of which remains only available to a small group of handpicked testers despite being initially shown off in February. Right now, Runway offers a variety of monthly subscription plans that each come with a set number of credits which must be exchanged for each generation of still images or video on its platform. But we’ll see as these lawsuits make their way through the courts if discovery forces gen AI model providers such as Runway to disclose their training data, and if they are found to be in violation of any copyrights and if so, what the remediation or damages would be.

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