{
Aakash Sastry

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}
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001122334455554433221100

xAI acquires generative video startup Hotshot to enhance AI capabilities

Elon Musk's AI company, xAI, has acquired Hotshot, a San Francisco-based startup specializing in AI-powered video generation tools. Hotshot's CEO, Aakash Sastry, announced the acquisition, highlighting the startup's development of three video foundation models and its plans to scale efforts using xAI's resources.The acquisition suggests xAI's intention to compete in the video generation space, potentially enhancing its Grok chatbot platform with new capabilities. Hotshot will cease new video creation by March 14, with existing customers given until March 30 to download their content.
TechCrunch
OpenAI ERC USD Google Inc. USA Alexis Ohanian John Mullan Aakash Sastry Show more
Technology & Innovation, News Article
19:29 17.03.2025
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