Luma Ray 3 (formerly Dream Machine) keeps Luma's reputation for understanding cameras. Where other models treat "dolly" as a vague vibe, Ray 3 reliably executes specific focal-length and camera-move terminology.
Quality on landscapes, architecture, and product video is excellent. Character work is a half-step behind Kling and Veo. At $0.16/second it sits comfortably in the mid-tier.
The Keyframe interpolation feature - where you provide first and last frames and Ray 3 generates the connecting motion - is its most differentiated capability and a favorite for VFX shops.
Verdict: the camera-language specialist. We score it 8.3/10.