xAI has acquired Hotshot, a company specializing in converting text to video. This acquisition aims to strengthen xAI's position against competitors like OpenAI's Sora. Hotshot, founded by Aakash Sastry and Jon Mullan, initially focused on photo editing before pivoting to video generation, developing three models. Sastry anticipates that the resources from xAI, especially through Musk's Colossus supercomputing, will expand AI's reach into education and other sectors. Consequently, Hotshot has halted new user registrations but ensures current users can access their videos until March 30.
"xAI's acquisition of Hotshot marks a strategic move to enhance its video generation capabilities and compete directly with rivals like OpenAI and Google."
"Aakash Sastry hopes that the integration into xAI will drive AI implementation across various sectors, leveraging Musk's Colossus supercomputing project."
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