cross-posted from: https://lemmy.world/post/44699253

This is clearly a sign that the product failed to draw in enough customers and its viability was overhyped.

Hopefully, it is the start of the AI bubble bursting.

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[–] 2 points 5 months ago

Yep - they briefly led in video gen but quickly were overtaken by other groups. There are even open source local models that perform really well now.

They could conceivably catch back up but how does that help them when their priority is chasing the AGI/ASI dragon?

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