AI-video maker Runway in talks to raise funds at $4 billion valuation: report

Runway is in talks with investors including private equity firm General Atlantic to raise $450 million at a valuation of about $4 billion for the artificial intelligence-powered video startup, the Information reported on Tuesday, citing sources.

Since the launch of ChatGPT by OpenAI in 2022, there has been an immense interest in AI, with enterprises investing millions of dollars to cash in on the trend.