Stable Diffusion, one of the businesses behind the text-to-image AI system, is presenting a Film Festival specifically for AI-created short films. The AI Film Festival at Runway ML is accepting films having a duration of one to ten minutes that either incorporate AI-generated material or were stitched together using AI-powered editing methods.

According to rumours, Runway said that developers would not be punished if they utilise other firms' AI capabilities. Along with text-to-image generation, filmmakers may utilise methods like backdrop removal, frame interpolation, and motion tracking to aid in the creation of their films.

The AI Film Festival will take place in February, both online and in New York. The deadline for submissions is January 15th. Normally, it wouldn't allow creatives much time to produce and submit work, but with AI's assistance, they may be able to put together a movie much more quicker.

The judges, who include Valenzuela and Holly Herndon, will rate the films based on their creativity, narrative cohesiveness, composition quality, and use of AI methods. The creators of the top five films will receive monetary prizes, with the grand prize winner receiving $10,000.