In late March, a well-funded artificial intelligence startup hosted what it said was the first ever AI film festival at the Alamo Drafthouse theater in San Francisco. The startup, called Runway, is best known for cocreating Stable Diffusion, the standout text-to-image AI tool that captured imaginations in 2022. In February of this year, Runway released a tool that could change the entire style of an existing video with just a simple prompt. Runway told budding filmmakers to have at it and later selected 10 short films to showcase at the fest.