Building the future of VFX and video editing with Runway CEO Cristóbal Valenzuela | E1724
This Week in Startups
Jason Calacanis
4.2 • 1.4K Ratings
🗓️ 19 April 2023
⏱️ 62 minutes
🧾️ Download transcript
Summary
Runway CEO Cristóbal Valenzuela joins Jason to discuss their suite of generative AI video editing tools (3:03), Runway's AI Film Festival and the rapid evolution of filmmaking (22:21), Runway's ability to lower the barrier to entry for aspiring filmmakers (36:05), and more!
(0:00) Jason kicks off the show
(3:03) What is Runway?
(6:39) Runway's text-to-video demo
(11:08) Clumio - Start a free backup, or sign up for a demo at https://clumio.com/twist
(12:08) Latent Diffusion paper
(16:30) The Late Show With Stephen Colbert
(20:51) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://Squarespace.com/TWIST
(22:21) Runway's AI Film Festival
(29:08) The rapid evolution of filmmaking
(31:59) Favorite directors and films
(36:05) Lowering the barrier of entry to filmmaking
(41:20) Microsoft for Startups Founders Hub - Apply in 5 minutes for six figures in discounts at http://aka.ms/thisweekinstartups
(42:51) Driving costs of filmmaking to zero
(44:57) Training Runway's data set & Fan Fiction
(52:07) Runway's generative capabilities
(54:30) Safety concerns
(58:20) The challenges of operating Runway
FOLLOW Cristóbal: https://twitter.com/c_valenzuelab
FOLLOW Jason: https://linktr.ee/calacanis
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Transcript
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| 0:00.0 | Hey everybody, we're back with another awesome AI interview as part of our Innovators |
| 0:04.8 | and AI series. |
| 0:05.8 | That's what we're calling it here. |
| 0:07.1 | We've never seen technology move as fast as artificial intelligence is currently moving. |
| 0:13.2 | This is not hyperbolic, this is reality. |
| 0:15.6 | Every week, every 48 hours, somebody builds on the work of an open source project or |
| 0:22.4 | another company or by doing prompts or by connecting things together. |
| 0:26.2 | So we're going to dedicate a large percentage of the show to AI this year or until this |
| 0:31.4 | thing slows down. |
| 0:32.4 | So today, I'm joined by the co-founder of a company called Runway. |
| 0:36.9 | Runway did some of the earliest research that eventually led to the creation of stable |
| 0:41.2 | diffusion. |
| 0:42.6 | That's the project that takes text and turns it into an image, right? |
| 0:47.0 | You type in, I'd like to make a painting in a Renaissance style of Donald Trump in a |
| 0:51.2 | courtroom and then all of a sudden you start getting really amazing output. |
| 0:54.2 | So the language that we're going to use to program, calling for it, is going to be called |
| 0:59.0 | English. |
| 1:00.0 | So the CEO of Runway is going to walk us through and that's really what I'm trying to |
| 1:04.6 | focus here on the show in 2023, actually using the tools and seeing them in action. |
| 1:09.3 | So you don't just get to hear the opinion of some podcaster who's not using the tools. |
| 1:13.2 | I'm using the tools. |
| 1:14.2 | My producers are using the tools and the people on the podcaster are building the tools. |
... |
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