Renderforest has received permission from the US government to import NVIDIA graphics processors, which are expected to arrive in Armenia soon. After the equipment is installed, the company intends to gradually transfer video processing to Armenian infrastructure. This was announced by Renderforest founder Narek Safaryan.
According to him, for more than six months, the team worked on its own fine-tuned model amidst high competition in the AI market. Now, videos on the platform can be created from a text query, a reference image, or another video. Renderforest itself has been completely redesigned and relaunched as an AI media platform for generating images, texts, and videos.
Approximately 25,000 new users join the service daily, the monthly active audience is approaching 3 million, and the total number of users has reached 40 million. Almost 1 million videos are created on the platform every month, with over 60% of them already generated using AI.