Artificial intelligence (AI) is here to stay, but its potential use in Hollywood movies has sparked some real fears that many jobs could be lost. The Academy of Motion Picture Arts and Sciences are even considering requiring films to disclose any use of AI for next year’s Oscar ceremony. Well, Staircase Studios AI has released the first five minutes of The Woman With Red Hair, an AI-driven movie that the newly launched studio hopes will be the first of many.

Staircase Studios AI was launched by Pouya Shahbazian, a producer on the Divergent franchise. Using its own proprietary AI workflow, known as ForwardMotion, the studio claims it will be able to create “near-studio-quality” movies for under $500,000. The studio plans to produce close to 30 low-budget movies over the next three to four years. “After packaging and selling 150 projects into the studio system over the past 15 years, I’ve borne witness...