Top 4 Best Ai Video Editing Tools for 2024

Runway is an AI-powered creative platform that provides a suite of tools for working with photos, videos, and audio. It is designed to assist individuals across various creative fields, like filmmakers and artists, by making AI integration more accessible and intuitive​​​​. The platform offers features such as generating short clips using text or image prompts, keying out green screen backgrounds, video editing, audio clip transcription, and building custom AI models for asset generation​​.

The tool's freemium model offers low barrier entry, and it's not difficult to achieve great results with most of its tools, including the Gen-2 text-to-video tool, which is highly regarded​​. However, the text-to-image generator faces stiff competition, and reliance on monthly credits can make the platform expensive for frequent, intensive use​​​​.

Kapwing is a web-based video editing platform designed for ease of use, even for beginners. It's popular among content creators and social media managers for its range of features, including drag-and-drop video editing, customizable text, image, and audio options, and subtitle/caption addition. Kapwing supports various video file formats and offers an ad-free experience even in its free version.

However, it falls short for advanced users, lacking features like noise reduction and motion tracking, and has a limited ability to integrate with certain social platforms. Some users have also reported software glitches. The platform offers both a free version with basic features and a paid version for more advanced needs.

Synthesia enables video creation from text alone, bypassing the need for traditional filming. It offers over 65 video templates and access to a variety of royalty-free media. The platform provides a wide range of ethnically diverse stock AI avatars and languages, which is particularly useful for global content. Synthesia also features automatic updates for videos on landing pages.

However, it has limitations, including avatars that lack varied facial expressions and appear robotic, affecting the effectiveness of marketing strategies. Additionally, the platform's AI can make speech in videos seem unnatural and lacks scalability, limiting its ROI potential. Synthesia offers two pricing plans: Personal ($22.50/month) and Business (requires a demo)

Lumen5 is a tool designed for ease in creating video content, featuring a comprehensive library of images, video footage, and music. Its user-friendly, drag-and-drop interface, likened to building a slide deck, is particularly useful for repurposing marketing content into engaging videos or transforming recordings into captivating clips​​. The tool is versatile, catering to content marketers, communication professionals, and social media managers, making it a popular choice among over a million companies​​.

However, while Lumen5's simplicity is its strength, it can also limit those seeking advanced video editing features. While the AI efficiently converts text to video, it might not always align with the user's vision, necessitating manual adjustments​​. Pricewise, Lumen5 offers a free plan for basic use, with paid plans starting at $29 per month, providing a reasonable balance between cost and functionality​​.