Musk xAI acquires Hotshot, competition for AI video generation technology intensifies

The xAI company owned by Elon Musk recently announced the acquisition of AI video generation startup Hotshot to further expand its multimodal AI technology layout. Hotshot CEO Aakash Sastry confirmed the news on the X platform, but did not disclose the specific transaction amount. Founded in 2023, Hotshot focuses on AI video generation technology, and its model can generate high-quality video with a resolution of 720p and up to 10 seconds. The company uses bfloat16 data format and neural network technology to significantly improve training efficiency and model performance. The acquisition will help xAI leverage the powerful computing power of its supercomputer Colossus to accelerate the research and development process in the field of video generation. xAI plans to launch a video generation model in the next few months and provide services through APIs to operate in parallel with its Grok large language model.