Mentioned:
Generative artificial intelligence is on the verge of changing the future of film and animation. Which is exactly why Nvidia is doubling down on their bet on Runway AI.
What’s happening:
- Runway AI has raised $308M USD in a new Series D financing round
- The latest funding round was led by General Atlantic, with notable participation from Nvidia (NASDAQ: NVDA), Fidelity, SoftBank and others
Why it matters:
- Runway AI has developed some of the most advanced generative artificial intelligence models in the world for film production and animation
Going deeper:
- Nvidia previously invested in Runway AI’s Series C financing round alongside of Google (NASDAQ: GOOG) and Salesforce Ventures
- Runway AI has publicly stated they plan to use the new infusion of capital to expand their studio capabilities as well as continue to develop new breakthrough generative artificial intelligence models
The intrigue:
- Runway AI’s technology is already being used throughout Hollywood, including by the production team of The Late Show with Stephen Colbert and even musical artist Kanye West
