Why Runway is eyeing the robotics industry for future revenue growth
Runway has spent the past seven years building visual-generating tools for the creative industry. Now, it sees a new opportunity for its technology: robotics. New York-based Runway is known for its video and photo generation AI world models, or large language models that create a simulated version of the real world. Most recently, the company released Gen-4, its video-generating model, in March and Runway Aleph, its video editing model, in July. As Runway’s world models started to improve — and get more realistic — the company began to receive inbound interest from robotics and self-driving car companies looking to use the tech, Anastasis Germanidis, Runway co-founder and CTO, told TechCrunch in an interview. “We think that this ability to simulate the world is…
