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The original startup behind Stable Diffusion has launched a generative AI for video

Runway, the generative AI startup that co-created last year’s breakout text-to-image model Stable Diffusion, has released an AI model, called Gen-1, that can transform existing videos into new ones by applying any style specified by a text prompt or reference image. In a demo reel posted on its website, Runway shows how its software can turn people on a street into claymation puppets, and...