<ul><li>xAI, founded by Elon Musk, has acquired Hotshot, a generative AI video startup specializing in text-to-video and text-to-GIF models.</li><li>Hotshot's three foundational AI models allow realistic video creation from text inputs.</li><li>Hotshot will be integrated into xAI, leveraging the powerful 'Colossus' computing cluster for scaling.</li><li>The acquisition aligns with xAI's ambitions to enhance its chatbot platform with advanced video generation capabilities.</li></ul>

Musk’s xAI Acquires GenAI Startup Hotshot to Scale Text-to-Video Generation

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