xAI Acquires Text-to-Video AI Project Hotshot

Elon Musk’s AI startup has made its first acquisition, with video generation project Hotshot announcing that xAI has purchased its business.

Hotshot, which has built a range of text-to-video and text-to-GIF AI models, has been gaining traction among AI enthusiasts for its rapidly developing AI video models.

And now, that technology will be incorporated into xAI’s stack, which…