a startup specialising in AI-powered video generation tools. This acquisition is set to bolster xAI's position in the generative AI market and enhance its Grok chatbot platform with potential new ...

Elon Musk’s AI company xAI has acquired two-year-old AI video startup Hotshot ... Hotshot has been exploring advanced generative models in video to change the way content is created.

Elon Musk already owned it and he currently owns xAI. Musk had already been injecting AI content into X with programs like Grok, a generative AI model that exists within the app.

while generative AI startup Anthropic was valued at $61.5 billion in a deal that closed this month. In addition to running Tesla, SpaceX and xAI and overseeing X, Musk has spent much of his time ...

The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt). I think this means xAI is valued at $113 billion after the acquisition. Since its founding two years ago, xAI has ...

He launched xAI the following year to compete with OpenAI in the large language model market. The AI startup went on to raise more than $12 billion in funding over multiple rounds. Recent reports ...

Elon Musk has sold X in a $33 billion deal to his AI startup company almost three years ... “The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt),” Musk wrote.

Nvidia (NVDA) recently took part in a $300 million funding round for Runway AI, a New York-based startup ... generative AI. Also, Nvidia joined a $6 billion funding round for Elon Musk‘s xAI ...