Runway AI has released its latest AI video generation model, Gen-3 Alpha.

Gen-3 Alpha offers hyper-realistic video creation with accurate motion.

The model is priced between $1 to $2.40 per generation.

Currently, Gen-3 Alpha supports text-to-video mode, with text-to-image functionality coming soon.

Users have praised the model's ability to produce detailed and realistic 10-11 second clips.

AI editor Ryan Morrison has tested the model, showcasing successful prompts like a cyber city race and street view.

Gen-3 Alpha aims to compete with OpenAI's Sora and solidify Runway's position in the AI video generation market.