VentureBeat is celebrating the incredible women leading the way in AI with the Women in AI Awards. Nominate inspiring leaders before June 18. Meanwhile, Luma AI has announced the public beta of its new AI video generation model, Dream Machine. Despite facing overwhelming demand causing delays, the model promises high-quality video generation at a rapid pace. Luma AI has raised over $70 million and strategically seeded Dream Machine with prominent AI video creators prior to the public release. Early reviews and tests of Dream Machine have been overwhelmingly positive, with comparisons to OpenAI's Sora. The AI video market is rapidly evolving, with Dream Machine emerging as a strong competitor. The future of AI video generation looks promising, with Luma AI leading the way.