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