Elon Musk's AI firm, xAI, has officially acquired the startup Hotshot, which specializes in AI video generation tools. Hotshot's CEO, Akash Sastry, shared the announcement on X, highlighting the team's development of three video foundation models over the past two years. The acquisition will foster further advancements in AI capabilities, as Hotshot pushes to scale its efforts using xAI's extensive resources, particularly the Colossus cluster. Sastry indicated that this move will significantly impact global sectors like education, entertainment, and productivity.
Over the past 2 years we've built 3 video foundation models as a small team - Hotshot-XL, Hotshot Act One, and Hotshot.
Training these models has given us a look into how global education, entertainment, communication, and productivity are about to change in the coming years.
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