WATCH: AI movie apps could see ‘blockbusters made in bedrooms by the end of the year’ crypto mile
A Web3advisor claims that the rise of text-to-video applications could lead to AI-generated feature films being made in people’s bedrooms by the end of the year.
In this week’s episode of The Crypto Mile, Yahoo Finance UK spoke with Nova Loren, who envisions a future where artificial intelligence (AI) applications can streamline film production, reducing production time from six months to a year. Blockbusters can be made from people’s bedrooms within.
Loren said that AI movie generator apps could democratize the filmmaking process in the same way that YouTube democratized the film distribution process.
Lorraine stated that “it is very possible” that the film-making process from script to post-production could be achieved using AI applications on home computers.
Read more: This AI tool ‘endangers human creativity’ and the art world is worried
“We have producers making short films from first to last, from script to output and online, all from their bedrooms,” he said.
“So, if we take it forward and bring together technicians, artisans, illustrators, creative directors, costume designers and writers, you can make a feature film in six months before the end of this year.”
There are also AI apps for distribution purposes, Lorraine said, “to help figure out which audience is best suited for your film”.
Nathan Landes, founder of AI agency Lore.com, said Bedroom-Made Hollywood Blockbusters AI can take advantage of the significant cost reduction brought about by applications.
Landes said, “Regarding the potential for bedroom-produced Hollywood blockbusters, I believe we’re about five years away from seeing that level of production. It’s only a matter of time before it’s a return to traditional filmmaking processes.” begins to seriously disrupt.”
“From my time in Hollywood, working closely with individuals such as Barry Osborne, I have seen firsthand the challenges facing the industry.”
AI startup Sudorite recently unveiled the Story Engine, a tool designed to generate long-form narratives. Sudorite claims it can “prepare a page of content faster than making a cup of coffee”.
Lorraine said that technological advances within AI will increase the efficiency of the production process, “with respect to time, cost and the amount of material produced”.
Read more: Christie Builds NFT Marketplace on the Ethereum Blockchain
However, critics say that these applications could threaten jobs and even human imagination and creativity. Lorraine highlights the current Writers Guild of America strike and argues for the need to “protect the creators and craftsmen in the film industry”.
Steven L. Sears, Jeff Gund and Damien Poitier attend the 2023 Writers Guild of America strike on May 24, 2023 in Burbank, California amid a discussion about the impact of AI on the creative industries. Photo: Albert L. Ortega/Getty
Hollywood writers are on strike amid discussions about the impact of AI on the creative industries.
The strike against film studios and streamers, presented by the Alliance of Motion Picture and Television Producers (AMPTP), is now in its third week.
Despite current limitations in emulating human emotion, future improvements could lead to AI-written scripts that prompt human participation and the assurance of fair pay.
Will AI empower or diminish human creativity?
Lorraine said: “There is a danger of laziness with AI, but remember the principle of ‘garbage in, garbage out’.”
She sees AI as a tool that is experiencing unprecedented adoption rates, changing the creative landscape as it becomes more accessible.
Read more: Meta fined record €1.2bn over EU data rules
However, she predicts a rise in look-alike content generated by AI, challenging creatives to step up their originality.
“The growing ubiquity of AI demands a higher level of creativity, forcing us to explore new territories and combine mediums and technologies,” he added.
Loren, who is also the host of the AI for Creatives podcast, also envisages the birth of previously non-existent roles and the possible emergence of entirely new art forms in response to AI.
View: Japan in the race to be ‘number one again through Web3 innovation’ | crypto mile
Download the Yahoo Finance app available for Apple And Android,