Greek startupper causes mayhem in Hollywood

A description of up to 200 characters is enough to produce a scene from a short film, video clip or advertising campaign (text to video) in less than two minutes. The figures, effects, movements, sounds etc, as they are produced through a simple written description, look so realistic that they are in stark contrast to their surreal filming process. Why is that? Entire short films, even scenes from films such as the seven-Oscar-winning "Everything Everywhere all at Once," have been created using Runway's generative AI software, the brainchild of Greek 32-year-old Anastasis Germanidis and Chileans Cristobal Valenzuela and Alejandro Matamala Ortiz. By tapping into technology similar to the one that made ChatGPT popular, the New York-based company launched its latest model in March 2023, while last summer it raised $141 million from Nvidia, Google and Salesforce. Today its market...