Runway Gives $5 Million for 100 AI Movies

Runway, a frontrunner in AI video generation, has introduced a $5 million fund—potentially expanding to $10 million—to support the creation of up to 100 films using AI technology. This initiative is designed to spark innovation in AI filmmaking, offering grants that range from modest amounts to a maximum of $1 million for each project. The fund aims to highlight the potential of AI in video production and position Runway as a significant player in the emerging AI film industry, paving the way for viral hits and partnerships with major Hollywood studios.