News Summary

• 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.
• Runway has raised more than $500 million from investors like Nvidia, Google, and General Atlantic at a $3 billion valuation.
• The company doesn’t anticipate releasing a “completely separate line of models” for its robotics and self-driving car customers.
• Instead, Runway will fine-tune its existing models to better serve these industries.