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 company xAI has acquired two-year-old AI video startup Hotshot ... Hotshot has been exploring advanced generative models in video to change the way content is created.

TEMPO.CO, Jakarta - Elon Musk's artificial intelligence company, xAI, has acquired Hotshot, a startup that develops AI-based video creation tools. Hotshot's CEO and co-founder, Aakash Sastry, ...

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 ...