Runway Unveils API for Advanced Video-Generating AI Models
Runway, a prominent player among AI startups focused on video generation technology, has launched an API designed to enable developers and organizations to integrate its generative AI models into a variety of third-party platforms, applications, and services. Currently, access to the Runway API is limited, with a waitlist in place. It currently offers one model, Gen-3 Alpha Turbo, a faster yet less advanced version compared to its flagship model, Gen-3 Alpha. Users can choose from two plans: Build, aimed at individuals and teams, and Enterprise. The pricing structure is set at one cent per credit, meaning one second of video costs five credits. Notably, "trusted strategic partners," including the marketing group Omnicom, are already leveraging this API.