I think the real takeaway is that RunwayML has no moat. Pika Labs raised $50M on the same product. In the same month both Stability and Facebook revealed their text to video. AnimateDiff is going to kick the pants off of all of them. And I can count two dozen papers - a lot of them with code - that do the same thing.
Edge models are no longer a competitive edge. Look at companies like ElevenLabs. Margins eaten to zero by a dozen companies nipping at the heels, raising on the same terms. Building the same features.
The magic in weights is gone. These companies are all clones.
It might sound like this is counter to my point, but in actuality think about all of the competition this opens the playing field to. A company starting next year could easily outdo RunwayML.
Edge models are no longer a competitive edge. Look at companies like ElevenLabs. Margins eaten to zero by a dozen companies nipping at the heels, raising on the same terms. Building the same features.
The magic in weights is gone. These companies are all clones.
It might sound like this is counter to my point, but in actuality think about all of the competition this opens the playing field to. A company starting next year could easily outdo RunwayML.