Nvidia-backed $5 billion AI company tells CNBC it's launching major expansion in London

Runway, an AI company backed by Nvidia with a $5.3 billion valuation, told CNBC it is launching a major expansion in London. The company plans to make London its new European headquarters and invest over $200 million into the U.K. AI ecosystem by the end of 2028. Runway builds world models, AI systems that learn from audio, images, video, and real-world data. The company recently raised $315 million in a Series E round from General Atlantic, AMD Ventures, and Nvidia. Cofounder and Co-CEO Anastasis Germanidis cited proximity to large European customers like BBC, Fremantle, and WPP as a key reason for the expansion. Runway expects to expand further across Europe in the near future.