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 ...

xAI, which launched its API in October 2024, appears to be on the hunt for meaningful sources of revenue as it ramps up training and development of flagship models like Grok 3. The company is ...

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 ...