September 16, 2024: Runway Unleashes Video-Generating API Amid Rising Concerns - AI startup Runway launched an API for its video-generating model, Gen-3 Alpha Turbo, allowing integration into third-party platforms. Priced at one cent per credit, the API demands a Powered by Runway banner. While gaining traction with partners like Omnicom, Runway faces legal controversies over its training data and competition from AI giants OpenAI, Google, and Adobe. Legal and ethical concerns around generative AI persist, with industry disruptions and job losses anticipated.
