Elon Musk's xAI acquires AI video generation startup

On March 18th, according to TechCrunch, xAI, a subsidiary of Elon Musk, has officially acquired Hotshot, an AI video generation startup that focuses on developing artificial intelligence video generation technology similar to OpenAI Sora. Hotshot stated on its website that it will cease new video production services starting from March 14th, and it is currently unclear whether all Hotshot employees will join xAI.