Mass media: in 2023, the authors of Midjourney will earn more than $ 200 million

The authors of the Midjourney neural network, which generates images based on a text description, earn well from their interest in AI. According to the sources of The Information, in 2023 the revenue of the company of the same name will exceed $ 200 million.

Journalists note that Midjourney is a profitable company and has never attracted investment during its existence. However, a significant part of its income is spent on increasing the computing power of the neural network and payments to the Discord chat platform, through which users generate images.

According to The Information, now the authors of Midjourney are developing their own web version of the neural network. This will save on Discord deductions and increase revenue.


The Information
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