Runway CEO says AI could help Hollywood make 50 films instead of one $100M blockbuster

Cristóbal Valenzuela, the co-founder and CEO of AI video-generation startup Runway, now valued at north of $5 billion, may not be winning over more hearts and minds in the anti-AI, creative crowd with his recent comments about AI’s potential in Hollywood. At Semafor’s World Economy Summit this week, the AI executive suggested that studios should take the $100 million they spend on a single film and put it toward 50 films, in order to increase their output and their chances of getting a hit.