Yahoo Finance AI film apps could see 'blockbusters created in bedrooms by end of the year', claims web3 adviser
Watch: AI film apps could see 'blockbusters created in bedrooms by end of the year' | The Crypto Mile
The rise of text to video applications could see AI-generated feature films created in people's bedrooms by the end of the year, claims a web3 adviser.
On this week's episode of The Crypto Mile, Yahoo Finance UK spoke with Nova Lorraine, who envisions a future where artificial intelligence (AI) applications can streamline film production, allowing blockbusters to be created from people's bedrooms within six months to a year.
Lorraine said AI film generator apps could democratise the film production process in the same way that YouTube democratised the film distribution process.
Lorraine said that "it is very feasible" that the process of creating a film from script to post-production could be achieved using AI applications on home computers.
Read more: This AI tool ‘threatens human creativity’ and the art world is worried
"We have creators making short films already from start to finish, script to output and online, all form their bedrooms," she said.
"So, if we then extend this and bring together the techies, artisans, illustrators, creative directors, costume designers and the writers, you could have a feature film made in six months, before the end of this year."
Lorraine said there are also AI apps for distribution purposes, to help "figure out what audience is best suited for your film".
Nathan Lands, founder of AI agency Lore.com, said bedroom-produced Hollywood blockbusters could take advantage of the significant cost reductions brought about by AI applications.
Avatar by Wes Anderson
Starring: Gwyneth Paltrow and Adrian Brody
And: Timothee Chalamet, Anjelica Huston, Luke Wilson, Jason Schwartzman, Tilda Swinton, Bill Murray, Willem Dafoe, and of course, Owen Wilson.
(by @CuriousRefuge)pic.twitter.com/dVKKmHlgDZ— Nathan Lands (@NathanLands) May 23, 2023
"Regarding the potential for bedroom-made Hollywood blockbusters, I believe we're approximately five years away from seeing that level of production. It's only a matter of time before it starts to seriously disrupt traditional filmmaking processes," Lands said.
"From my time in Hollywood, working closely with individuals like Barrie Osborne, I have seen firsthand the challenges the industry faces."
AI startup Sudowrite recently unveiled Story Engine, a tool designed for crafting long-form narratives. Sudowrite claim it can "produce a page of content faster than brewing a cup of coffee".
Lorraine added that the technological developments within AI will increase the efficiency of the production process, "in relation to the time, the cost and the amount of content that can be produced".
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However, critics say these applications could threaten jobs and even human imagination and creativity. Lorraine highlighted the current Writer's Guild of America strike, and argued for the need to "protect creators and artisans in the film industry".
The writer's strike
Hollywood writers are on strike amid discussions around AI's impact on creative industries.
The strike against film studios and streamers represented by the Alliance of Motion Picture and Television Producers (AMPTP) is now in its third week.
Despite current limitations in emulating human emotions, future improvements could lead to AI-written scripts, prompting calls for assurances of human involvement and fair pay.
Will AI empower or diminish human creativity?
Lorraine said: "There's a risk of laziness with AI, but remember the principle of 'garbage in, garbage out.'"
She sees AI as a tool that's experiencing unprecedented adoption rates, transforming the creative landscape as it becomes more accessible.
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However, she predicts a surge of similar-looking content generated by AI, challenging creatives to elevate their originality.
"The burgeoning ubiquity of AI calls for a higher degree of creativity, compelling us to explore new territories and blend mediums and techniques," she said.
Lorraine, who is also host of the AI for Creatives podcast, also envisages the birth of previously non-existent roles and the potential emergence of entirely new art forms in response to AI.
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