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Real Time Video Editing & Luma Ray 3.14 Deep Dive!

28.9K views· 1,102 likes· 15:18· Jan 27, 2026

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Luma Labs has officially released Ray 3.14 (Ray Pi), and things are heating up! Today we cut a slice to see if the new model is actually faster and cheaper, or if the pricing structure is hiding a few secrets. We break down the credit costs for 720p vs 1080p so you can get the most bang for your buck. Plus, we dive into Decart’s mind-blowing Lucy 2.0 real-time world editing model that transforms your webcam feed on the fly, and we look at leaked checkpoints that suggest a major Google Veo update is around the corner. Luma Labs Ray 3.14: https://dream-machine.lumalabs.ai/ Try Decart Lucy 2.0: https://lucy.decart.ai/ Chapters 00:00 Intro: Heating up in AI Video 00:33 Luma Ray 3.14 Released 00:54 The 720p Cost Breakdown 01:23 The Catch with 1080p Pricing 01:52 Best Bang for Your Luma Buck 02:26 Text-to-Video: The Knight Test 02:54 The "Loop de Loop" Dragon Issue 03:25 The FBI Coffee Problem 04:06 Double Rolling in 10s Gens 04:36 Image-to-Video: Cyberpunk Test 05:01 5-Second Limitations & Quality 05:37 Extending Clips & Noir Detective 06:06 Luma Modify: Boxing Gym Test 06:44 Modify Decoherence Limits 07:13 Community: John Finger & Dream Labs 07:50 Community: Yoshi Matt Anime Style 08:29 Summary: Luma Fast vs. Strong 08:58 Decart Lucy 2.0 Intro 09:27 Einstein & Real-Time Issues 09:56 Bear Avatar & Text Prompting 10:25 Turning Cameras into Microphones 10:58 Flamethrower Girl & Occlusion Tips 11:30 Lucy 2.0 Availability 12:05 Google Veo: "Persephone" Leaks 12:35 Image-to-Video: Boxing Crab 13:08 Rainbow Slide Physics 13:52 DeepMind x Pixar Alumni Short Film 14:19 New Fine-Tuning Capabilities 14:48 Outro

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