Elon Musk’s AI company, xAI, has acquired Hotshot, a startup working on AI-powered video generation tools along the lines of OpenAI’s Sora. Akash Sastry, Hotshot’s CEO and co-founder ...

Elon Musk’s xAI Corp. has acquired Hotshot, a startup ... with an AI-powered image generation and editing tool. The company pivoted the following year with the launch of a video generation ...

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 startup has made its first acquisition, with video generation project Hotshot announcing that xAI has purchased its business. Hotshot, which has built a range of text-to-video and ...

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.

A China-based startup, Sand AI, has released an openly licensed, video-generating AI model that's garnered praise from entrepreneurs like the founding director of Microsoft Research Asia, Kai-Fu Lee.

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 ...