Breaking News: Midjourney, the AI image-generating platform making $200 million revenue, enters hardware market without VC funding!
Midjourney, the innovative AI platform, known for its impressive revenue stream of over $200 million, is making a groundbreaking move into the hardware market without any VC investment. This major development was announced in a recent post on X, with Midjourney establishing a new hardware team in San Francisco.
The company's decision to venture into the hardware sector has sparked curiosity among industry experts and investors. With a team of fewer than 100 people, Midjourney's foray into hardware raises questions about the type of products they will pursue. A significant clue may lie in the hiring of Ahmad Abbas, a former Neuralink staffer who played a key role in developing Apple's mixed reality headset, the Apple Vision Pro.
Moreover, Midjourney's CEO, David Holz, brings valuable expertise to this new venture, having co-founded Leap Motion, a company specializing in motion tracking peripherals. Despite facing legal challenges related to its AI training methods, Midjourney remains committed to advancing AI models for video and 3D generation, hinting at a potential connection between their hardware endeavor and AI development.
In conclusion, Midjourney's entry into the hardware market is a bold and strategic move that could have significant implications for the tech industry and investors. As the company continues to innovate and expand its product offerings, it will be interesting to see how this decision shapes its future growth and market positioning. Stay tuned for more updates on this exciting development!