AI-generated video has gone from novelty to creative tool in AI-generated video has gone from novelty to creative tool almost overnight, and Runway has a front-row seat to the shift. The New York-based company has raised close to $860 million at a $5.3 billion valuation, and its models are going toe-to-toe with the most well-funded labs in the world, including Google and OpenAI.   And the technology goes way beyond making videos: it's now pushing into general world models with applications in gaming, robotics, and maybe something closer to general intelligence.  On this episode of TechCrunch's Equity podcast, host Rebecca Bellan sits down with co-founder and CEO Cristobal Valenzuela to talk about where video generation goes from here, and why Runway's ambitions now reach well beyond Hollywood.  Listen to the full episode to hear about:  Why Valenzuela thinks the real constraint on filmmaking has never been technology, and what changes when it is  How Runway thinks about world models differently than Google and other labs building in the space  What "nonlinear media" means, and why real-time video generation opens up use cases way beyond content creation  Why Valenzuela pushes back on the idea that AI companions are “inherently dystopian”  Subscribe to Equity on YouTube, Apple Podcasts, Overcast, Spotify and all the casts. You also can follow Equity on X and Threads, at @EquityPod.  Chapters:  00:00 Intro  00:56 Can AI really replace Hollywood?  04:18 Why "AI slop" fears miss the point  08:23 Research lab, software company, or creative studio?  13:42 From video generation to world models, explained  17:36 Omni models and multimodal training  17:50 The three pillars: linear media, non-linear media, physical AI  19:31 Real-time video and the "Characters" product  22:33 Are AI companions inherently dystopian?  25:59 Physical AI and robotics  28:35 Where growth is coming from: enterprise and prosumer  29:31 Outro  Learn more about your ad choices. Visit megaphone.fm/adchoices