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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.
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. The company initially focused on developing AI-powered photo creation and editing tools, but eventually pivoted in favor of text-to-video AI models. Hotshot managed to attract investments from VCs including Lachy Groom, Alexis Ohanian, and SV Angel prior to its exit.
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