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 ...

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 ...

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 announced last Friday (28 March) that his artificial intelligence (AI) start-up xAI has acquired his social media platform X. In a post on his platform, Musk said that the combined compa ...

OpenAI is rushing to stay ahead in the generative AI race, where competitors including Google, Anthropic and Elon Musk's xAI are investing ... similar capability. The startup's investors include ...