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Elon Musk’s AI company, xAI, acquires a generative AI video startup

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, announced the news in a post on X on Monday. “Over the past 2 years we’ve built 3 video foundation models as a small team — Hotshot-XL, […] © 2024 TechCrunch. All rights reserved. For personal use only.



Elon Musk's xAI acquired Hotshot, a generative AI video startup that developed three video foundation models. This acquisition suggests xAI aims to compete in the video generation space, possibly integrating video capabilities into its Grok chatbot. Hotshot has ceased new video creation, with existing users given until March 30th to download their content.

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