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No, you don't know. Stable Diffusion came before Midjourney. What first mover advantage? Flux has been around almost a year, by your reasoning everyone should

No, you don't know. Stable Diffusion came before Midjourney. What first mover advantage? Flux has been around almost a year, by your reasoning everyone should have switched. They didn't. Everyone who used Midjourney a year ago is still using it. The Midjourney sub on reddit has 1.6M subs. The Stable Diffusion sub has 600k. I don't care what AI studios you know want to use. They use Premier Pro. Just like every film school in America does. Despite plenty of open source alternatives. 90% of people don't give a shit about running locally as long as it's high quality, easy to use and not expensive. And that's exactly why Midjourney is dominating. Oh, and Runway is projecting to hit $150M in ARR this year.

echelon 2y ago
> Stable Diffusion came before Midjourney. You've got your facts wrong. > Flux has been around almost a year It's been around half that time. And you're also underestimating how many billions of images have been generated with Flux. The marginal cost and value of these models will trend towards zero. > The Midjourney sub on reddit has 1.6M subs. The Stable Diffusion sub has 600k. So you're saying that they're within the same order of magnitude? > I don't care what AI studios you know want to use. They use Premier Pro. Just like every film school in America does. Despite plenty of open source alternatives. Premiere is local software. There's also Final Cut and lots of other alternatives. They're not using CapCut to edit their films. We're also super early in this game. You're mentioning 20+ year old mature software. > 90% of people don't give a shit about running locally as long as it's high quality, easy to use and not expensive. They absolutely do care. Right now 9 out of 10 generations are garbage, and that's being generous. > Oh, and Runway is projecting to hit $150M in ARR this year. That's a really ambitious target they set for themselves, and I think they're getting ahead of things. The field is full of much better competition now. They also failed to raise their ambitious last round. They've raised too much and have too high a valuation, meanwhile smaller companies have caught up.
- bobxmax 2y ago
  They're at $90M ARR right now and accelerating, so no that's not ambitious. Midjourney is close to half a billion in ARR. Figma destroyed Photoshop & Sketch. Whatever, you have your opinion, none of the facts today support it, maybe you'll be right in the future (you won't be).

echelon 2y ago

> Stable Diffusion came before Midjourney. You've got your facts wrong. > Flux has been around almost a year It's been around half that time. And you're also underestimating how many billions of images have been generated with Flux. The marginal cost and value of these models will trend towards zero. > The Midjourney sub on reddit has 1.6M subs. The Stable Diffusion sub has 600k. So you're saying that they're within the same order of magnitude? > I don't care what AI studios you know want to use. They use Premier Pro. Just like every film school in America does. Despite plenty of open source alternatives. Premiere is local software. There's also Final Cut and lots of other alternatives. They're not using CapCut to edit their films. We're also super early in this game. You're mentioning 20+ year old mature software. > 90% of people don't give a shit about running locally as long as it's high quality, easy to use and not expensive. They absolutely do care. Right now 9 out of 10 generations are garbage, and that's being generous. > Oh, and Runway is projecting to hit $150M in ARR this year. That's a really ambitious target they set for themselves, and I think they're getting ahead of things. The field is full of much better competition now. They also failed to raise their ambitious last round. They've raised too much and have too high a valuation, meanwhile smaller companies have caught up.

bobxmax 2y ago
They're at $90M ARR right now and accelerating, so no that's not ambitious. Midjourney is close to half a billion in ARR. Figma destroyed Photoshop & Sketch. Whatever, you have your opinion, none of the facts today support it, maybe you'll be right in the future (you won't be).