AI video-generating startups Luma and Runway are expanding their focus beyond movie studios. These companies are exploring new markets for future revenue streams and have reportedly been in discussions with robotics and self-driving car companies, according to The Information. While the specific companies involved in these talks remain undisclosed, the move aligns with Luma’s broader ambitions.
Earlier in 2024, Luma announced plans to develop 3D AI world models designed to understand and interact with their surroundings, as reported by TechCrunch. This initiative suggests a natural fit for applications in robotics and autonomous vehicles.
Meanwhile, Runway is also eyeing the video game industry as another potential revenue source, according to The Information. Both companies appear to be diversifying their applications of AI-generated video technology.
TechCrunch has reached out to Luma and Runway for further details.