Runway Co-CEO Says Magic Is Now Normal in AI Video

Cristóbal Valenzuela, co-founder and co-CEO of RunwayML, shared his view on the progress of generative AI tools for video. He wrote that the company has normalized magic. According to Valenzuela, three years prior, the idea of one person making a video in a few hours would have been unbelievable. He described the current state as the new normal and observed that magic loses its status once it becomes accessible to everyone. The statement was posted on the RunwayML X account.