xAI Corp completed the acquisition of Hotshot for $50m.

Synopsis

xAI Corp, an American public-benefit corporation working in the area of artificial intelligence, completed the acquisition of Hotshot, a startup specializing in AI-powered video generation tools, for $50m.

Principals

target

HOTSHOT

bidder

Xai Corp

Show Details & Financials

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Market Context

latham & watkins

HQ - New York, United States

legal advisors

target

5553

Deals

£ 3,610.31 B

Total Value