Core Insights - Meta is collaborating with Midjourney to integrate AI image and video generation technology into its future AI models and products, aiming to compete with industry leaders like OpenAI and Google [2][3] - The partnership signifies Meta's ongoing strategy to enhance its AI capabilities, which includes significant investments in talent and technology [3][4] Group 1: Partnership Details - Meta's research team will work with Midjourney to incorporate its technology into Meta's offerings, ensuring high-quality products for users [2] - The collaboration comes after Meta's previous integration of its own AI image generation tool, Imagine, into platforms like Facebook and Instagram [2] Group 2: Midjourney Overview - Midjourney, founded in 2022, has quickly become a leader in AI image generation, with projected annual revenue of $200 million by 2023 [4] - The company offers subscription services starting at $10 per month, with higher-tier plans available, and recently launched its first AI video model [4] Group 3: Meta's AI Strategy - Earlier this year, Meta's CEO Mark Zuckerberg aggressively recruited AI talent, offering compensation packages exceeding $100 million [3] - Meta has invested $14 billion in Scale AI and acquired AI voice startup Play AI, indicating a strong commitment to expanding its AI capabilities [3]