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Midjourney says it's 'getting into hardware' | TechCrunch

Aug 29, 2024 - news.bensbites.com
Midjourney, an AI image-generating platform, is venturing into hardware development. The company, which generates over $200 million in revenue without any VC investment, announced the creation of a new hardware team based in San Francisco. The company has also hired Ahmad Abbas, a former Neuralink employee and engineer of Apple Vision Pro, Apple's mixed reality headset. Despite ongoing lawsuits over its AI training approach, Midjourney continues to develop AI models for video and 3D generation, which could be related to its new hardware efforts.

In other tech news, Apple has released new developer betas for iOS 18.1, iPadOS 18.1, and macOS 15.1 Sequoia, introducing new Apple Intelligence features. Reddit experienced a significant outage, with over 150,000 users reporting issues. New Enterprise Associates (NEA) has raised more than $468 million for its Secondary Opportunity Fund. Meanwhile, OpenAI is reportedly in talks to close a new funding round at a valuation of over $100 billion.

Key takeaways:

  • AI image-generating platform Midjourney is entering the hardware sector, with a new team based in San Francisco.
  • Midjourney has hired Ahmad Abbas, an ex-Neuralink staffer and engineer of the Apple Vision Pro, hinting at the possible direction of their hardware pursuits.
  • Despite ongoing lawsuits over its AI training approach, Midjourney continues to develop AI models for video and 3D generation, which may be related to their new hardware efforts.
  • Midjourney's CEO, David Holz, has previous experience in hardware, having co-founded Leap Motion, a company that built motion-tracking peripherals.
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