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

TechCrunch
By Kyle WiggersMar 17, 2025, 2:29 pm230 ptsTop
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…

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