In a memo to staff that was posted online, Conte said the company’s core business is strong, but the platform has to respond to market changes and adjust its cost structure to remain stable.
In the AI-funding frenzy, many startups are raising back-to-back rounds at ever-increasing valuations — but even by those standards, Corgi stands out.
Runway no longer wants to be just another AI model company. It wants to become the infrastructure layer for generative media. On Thursday, the startup launched Runway Media Router through Runway Dev, its developer