xAI Acquires Hotshot for AI Video Generation

xAI Acquires Hotshot for AI Video Generation

Elon Musk's AI company, xAI, has acquired Hotshot, a startup specializing in AI-driven video generation, according to TechCrunch. This acquisition aligns with xAI's plans to develop video-generating models.

xAI, Elon Musk's AI company, has acquired Hotshot, a San Francisco-based startup specializing in AI-driven video generation, according to TechCrunch. Hotshot, founded by Aakash Sastry and John Mullan, has developed three video foundation models: Hotshot-XL, Hotshot Act One, and Hotshot.

The acquisition suggests that xAI is gearing up to compete with other major players in the AI video market, such as OpenAI's Sora and Google's Veo 2. Musk has previously hinted at plans to integrate video-generating capabilities into xAI's Grok chatbot platform, with a potential "Grok Video" model expected soon.

Hotshot's models will now be scaled on xAI's supercomputer, Colossus, which is currently one of the largest clusters in the world. The startup has attracted investments from notable figures like Alexis Ohanian and SV Angel. Hotshot announced that it began sunsetting new video creation on March 14, with existing customers having until March 30 to download their videos.

We hope you enjoyed this article.

Consider subscribing to one of several newsletters we publish. For example, in the Daily AI Brief you can read the most up to date AI news round-up 6 days per week.

Also, consider following us on social media:

AI Brief
AI Brief (X)

More from: Funding

AI Token Webinar Leaderboard

Subscribe to Daily AI Brief

Daily report covering major AI developments and industry news, with both top stories and complete market updates

Sponsored

AI Token Webinar

Whitepaper

Stanford HAI’s 2025 AI Index Reveals Record Growth in AI Capabilities, Investment, and Regulation

The 2025 AI Index by Stanford HAI provides a comprehensive overview of the global state of artificial intelligence, highlighting significant advancements in AI capabilities, investment, and regulation. The report details improvements in AI performance, increased adoption in various sectors, and the growing global optimism towards AI, despite ongoing challenges in reasoning and trust. It serves as a critical resource for policymakers, researchers, and industry leaders to understand AI's rapid evolution and its implications.

Read more

You May Also Like