Join host Craig Smith on episode #172 of Eye on AI as he sits down with Cris Valenzuela, co-founder and CEO of Runway, an applied AI research company shaping the next era of art, entertainment and human creativity Cris shares insights into the origins of Runway, highlighting how the company supports creators across various domains, from filmmaking to music production, by leveraging the power of AI. We dive deep into the fascinating world of generative models like stable diffusion, discussing their development, applications, and the future of creative expression through AI.Discover how Runway's AI tools are breaking new ground in image and video generation, transforming artistic workflows, and opening up unprecedented opportunities for creativity.  We'll also explore the broader implications of AI in art and media, discussing the balance between technological innovation and the preservation of artistic integrity. Tune in and don't forget to rate us on Apple Podcast and Spotify if you enjoy the episode!   This episode is sponsored by Shopify. Shopify is a commerce platform that allows anyone to set up an online store and sell their products. Whether you’re selling online, on social media, or in person, Shopify has you covered on every base. With Shopify you can sell physical and digital products. You can sell services, memberships, ticketed events, rentals and even classes and lessons.  Sign up for a $1 per month trial period at http://shopify.com/eyeonai Stay Updated: Craig Smith Twitter: https://twitter.com/craigss Eye on A.I. Twitter: https://twitter.com/EyeOn_AI (00:00) Preview and Introduction (01:56) Cris Valenzuela: Background and Runway's Genesis (05:48) Understanding Diffusion Models (08:01) Discussion on Mid Journey and Other Models (10:19) Open Source vs Proprietary Models (13:07) Exploring Video Generation Technology (17:52) Achieving Consistency in Generated Videos (21:22) Compute Requirements for Training Models (25:07) Scale and Parameters of Runway's Models (29:49) Customizing Models for Specific Needs (33:51) Applicability to AR and VR (37:32) Runway's User Community and Impact (40:21) Runway’s Best Work