Elon Musk’s xAI has acquired generative video startup Hotshot to bring motion imaging to Grok 3. Released in February, Grok 3 adds Deep Search and Thinking and improved on its predecessor’s still imaging capabilities, but lacks generative video, a much-requested feature — one that could make Grok a freestanding competitor to OpenAI’s individual offerings: ChatGPT for text, Sora for video, and DALL-E for images. “Cool AI video coming soon!” was Musk’s comment to Hotshot’s acquisition announcement on the networking platform. Hotshot can generate clips of up to 10-seconds at 1280×720 pixels. Continue reading With Hotshot Purchase, xAI to Bring Generative Video to Grok

Texas-based Nexstar Media Group has inked a deal to acquire Tribune Media for about $4.1 billion, which will make Nexstar the largest local U.S. TV operator. The news comes on the heels of Sinclair Broadcast Group’s thwarted deal to purchase Tribune for $3.9 billion, which fell through due to regulatory issues. According to sources, Nexstar made an all-cash offer for Tribune, valued at around $46.50 per share. The company, which has a market capitalization of $3.8 billion, was also able to outbid private equity firm Apollo Global Management. Continue reading Tribune Deal to Make Nexstar Top Local TV Operator in U.S.