The Europeans behind Stable Diffusion (Stability.AI etc.) could have remained closed source and competed with MidJourney. Instead they open sourced their work.

The Europeans behind Stable Diffusion (Stability.AI etc.) could have remained closed source and competed with MidJourney. Instead they open sourced their work. Last I checked MidJourney is valued at $1 billion and Stability.AI is struggling to survive.