a startup specialising in AI-powered video generation tools. This acquisition is set to bolster xAI's position in the generative AI market and enhance its Grok chatbot platform with potential new ...

Elon Musk’s AI company xAI has acquired two-year-old AI video startup Hotshot ... Hotshot has been exploring advanced generative models in video to change the way content is created.

Elon Musk said he borrowed the name from a 1960s science fiction novel, but another AI startup applied to trademark it before xAI launched its chatbot. Using several recent innovations ...

Elon Musk already owned it and he currently owns xAI. Musk had already been injecting AI content into X with programs like Grok, a generative AI model that exists within the app.

while generative AI startup Anthropic was valued at $61.5 billion in a deal that closed this month. In addition to running Tesla, SpaceX and xAI and overseeing X, Musk has spent much of his time ...

Elon Musk has sold X in a $33 billion deal to his AI startup company almost three years ... “The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt),” Musk wrote.