Runway ML is a platform that provides capabilities for creating and editing images and videos using AI. It offers pre-trained tools for visual effects such as image stylization, video colorization, and object removal (yes, it can remove entire objects from a video in a couple clicks). It has an intuitive interface that allows users to experiment with different models and parameters in real-time. Additionally, it provides tools for working with images and videos in a simplistic process. With RunwayML, content creators can easily experiment with AI and create professional-quality images and videos.