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by Mashimo15 hours ago |
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upvoteby Lalabadie10 hours ago|
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No external funding raised. They're not on the VC path, so no need to chase insane growth. They still have around 500M USD in ARR.

In my (very personal) opinion, they're part of a very small group of organizations that sell inference under a sane and successful business model.

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upvoteby aenvoker7 hours ago|
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Not on the VC path. Not even on the max-profit path. Just on the "Have fun doing cool research" path.

I was a mod on MJ for its first few years and got to know MJ's founder through discussions there. He already had "enough" money for himself from his prior sale of Leap Motion to do whatever he wanted. And, he decided what he wanted was to do cool research with fun people. So, he started MJ. Now he has far more money than before and what he wants to do with it is to have more fun doing more cool research.

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upvoteby spaceman_20208 hours ago|
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Aesthetically, still unmatched
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upvoteby echelon5 hours ago|
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They're working on a few really lofty ideas:

1. real time world models for the "holodeck". It has to be fast, high quality, and inexpensive for lots of users. They started on this two years ago before "world model" hype was even a thing.

2. some kind of hardware to support this.

David Holz talks about this on Twitter occasionally.

Midjourney still has incredible revenue. It's still the best looking image model, even if it's hard to prompt, can't edit, and has artifacting. Every generation looks like it came out of a magazine, which is something the other leading commercial models lack.

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upvoteby wongarsu14 hours ago|
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They have image and video models that are nowhere near SOTA on prompt adherence or image editing but pretty good on the artistic side. They lean in on features like reference images so objects or characters have a consistent look, biasing the model towards your style preferences, or using moodboards to generate a consistent style
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upvoteby vunderba9 hours ago|
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A lot of people started realizing that it didn’t really matter how pretty the resulting image was if it completely failed to adhere to the prompt.

Even something like Flux.1 Dev which can be run entirely locally and was released back in August of 2024 has significantly better prompt understanding.

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upvoteby raincole15 hours ago|
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Not much, while everything happened at OpenAI/Google/Chinese companies. And that's the problem.
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upvoteby KeplerBoy14 hours ago|
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How is it a problem? There simply doesn't seem to be a moat or secret sauce. Who cares which of these models is SOTA? In two months there will be a new model.
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upvoteby waldarbeiter14 hours ago|
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There seems to be a moat like infrastructure/gpus and talent. The best models right now come from companies with considerable resources/funding.
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upvoteby esperent12 hours ago|
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Right, but that's a short term moat. If they pause on their incredible levels of spending for even 6 months, someone else will take over having spent only a tiny fraction of what they did. They might get taken over anyway.
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upvoteby raincole11 hours ago|
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> someone else will take over having spent only a tiny fraction of what they did

How. By magic? You fell for 'Deepseek V3 is as good as SOTA'?

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upvoteby Gud10 hours ago|
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By reverse engineering, sheer stupidity from the competition, corporate espionage, ‘stealing’ engineers and sometimes a stroke of genius, the same as it’s always been
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upvoteby qingcharles8 hours ago|
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They still have a niche. Their style references feature is their key differentiator now, but I find I can usually just drop some images of a MJ style into Gemini and get it to give me a text prompt that works just as well as MJ srefs.
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