on Toshareproject.it - curated by Bruce Sterling
From: CBInsights.com, 29 January 2024
While 2022 kicked off the text-to-image craze and generated some incredibly iconic viral images like The Pope Drip, AI video generation will be a key trend to watch in 2024.
The tech will have major impacts across advertising, Hollywood, and other visual media industries.
And text-to-video is the new hotness with a mix of startups and big tech making moves.
ByteDance (parent of TikTok) introduced video model MagicVideo-V2 in January
Google introduced Lumiere to create realistic videos from text last week
Midjourney (bootstrapped and likely worth $10B) is releasing a text-to-video model in the coming months
There is also Pika (backed by Lightspeed), Moonvalley (backed by Khosla Ventures and Y Combinator), and Assistive — all founded in 2023
One of the biggest players in the space is Runway, which offers AI tools for creatives. It’s also released text-to-video models over the last year.
In May 2023, it raised $141M from Google, Nvidia, and Salesforce Ventures at a $1.5B valuation….