<ul><li>Runway, a startup developing generative AI models for media production, has raised $308 million in a Series D funding round.</li><li>General Atlantic led the round, with participation from Fidelity Management & Research Company, Baillie Gifford, Nvidia, SoftBank, and others.</li><li>The funding will be used for AI research, hiring, and expanding Runway Studios film and animation production arm.</li><li>Runway released Gen-4, a video-generating model that can create consistent characters, locations, and objects across scenes.</li></ul>

Runway, best known for its video-generating AI models, raises $308M

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