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.