Runway ML

then it was seed and A.

And we still do majority seed and A, but there are other situations where like good examples of like SubaBase and Runway, we did like what looked like a growth round, but it's really like was a seed or early A.

Like they had hardly any traction.

It was a crazy valuation, which is another hot topic I know.

Plus, time waits for no man, and so while Anthropic were cooking...

Hey Jen and Runway were also in the kitchen, stirring up AIs you can Zoom chat with and create movie scenes alongside.

Most of this stuff, of course, has only been out a day or at most two, but here are my first impressions.

And the first TLDR I'll give is Don't Sleep on the new Claude 3.5 Sonnet.

Whether that's misalignment or massively amusing on your perspective.

But it must be said that Claude isn't the only thing that was dropped yesterday.

Here's Act 1 from Runway ML.

While this particular development and the other two I'm about to show you might not completely blow off your socks, they do point to the unrelenting improvement in AI-generated entertainment that's coming.

As we've seen with BrainLM and O1 the full capabilities of transformers are still being discovered and they represent a three-quarters market share.

Next highlight is a quick one on copyright and we all know probably that OpenAI transcribed millions of hours of YouTube videos to power its whisper model.

Did you know that RunwayML and Nvidia also mass scraped YouTube? But I thought some of you might be interested in the fact that people are trying to create business models now, like Calliope Networks, so that creators can sell their YouTube videos to be scraped, basically get paid for what's already happening for free.

I know there are plenty of YouTube creators who wouldn't mind a tiny slice of that $100 billion in revenue that OpenAI are projecting.

However, we probably should bear in mind Mark Zuckerberg's words, which are that creators and publishers overestimate the value of their work for training AI.

If even OpenAI don't know how much further scaling can go, how can we know? I'm gonna end though on a lighter note because not everything in AI is about text-based benchmarks and reasoning.

According to the well-known co-founder and CEO of Runway, OpenAI is planning to finally release Sora in around two weeks.

Sora is of course that incredible video generation model first described back in February.

So even if you're one of those, unlike me, who believes that reasoning progress will ground to a whole, that doesn't mean progress in other modalities will too.

you never know when OpenAI or Google are gonna drop a model that massively changes and affects your business.

It's not just Sora whacking Pika Labs, Runway ML, and maybe Midjourney.

If you make the chips that OpenAI uses, they want to make them instead.

I'm gonna be doing a separate video about all of that.

yeah we have some incredibly cool customers like cognition is using us a large scale for uh both for inference and sandboxes to do a lot of reinforcement learning on modal these sandboxes for all the rollouts uh we have customers like ramp using us for background agents for the internal coding agent that they actually launched as a It's a standalone product today that they're selling.

We have customers like Suno and Runway that uses regenerative video and audio.

Dekagon is another customer that uses us for a lot of customer support stuff, voice and text.

DoorDash uses us for a bunch of internal applications, mostly LMs, but also all kinds of other stuff.