💨 Abstract

Runway, an AI-powered media production startup, has secured $308 million in Series D funding, led by General Atlantic. The funds will be used for AI research, hiring, and expanding its film and animation production arm, Runway Studios. The startup's latest product, Gen-4, is a video-generating model capable of creating consistent characters, locations, and objects.

Courtesy: techcrunch.com

Summarized by Einstein Beta 🤖