this post was submitted on 19 Jun 2026
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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.

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[–] terranoid@lemmy.cafe 10 points 1 week ago (2 children)

I'm calling it. This is the bubble about to pop.

They don't know what the fuck to do and can't rationalize pumping out more images with investor dollars, and this is their hailmary. They might scam a few people with their Holy AI Water Baptism tech but it's the end of the line.

[–] calliope@retrolemmy.com 5 points 1 week ago

This was my thought too. It’s so ridiculous I thought it was an Onion headline at first.

It seems like the first major AI company to go full laughing stock but it won’t be the last.

[–] TrashGoblin@awful.systems 2 points 1 week ago

I'm guessing it's because their existing line of business (image generation) has been commoditized by the hyperscalers' image models, and there's no longer any reason for anyone to pay for Midjourney.