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Another chapter in the expansion of Silicon Valley tech giants! Elon Musk's xAI company today announced the acquisition of Hotshot, a startup focused on AI-powered video generation. This strategic acquisition will inject new vitality into xAI's multimodal AI technology. Hotshot CEO Aakash Sastry officially announced the news on the X platform, but did not disclose the specific transaction amount. Previously backed by investors including Reddit co-founder Alexis Ohanian and SV Angel...

At this week's SIGGRAPH conference, Meta CEO Mark Zuckerberg showcased Segment Anything 2 (SA2) for the first time, an upgraded version of the groundbreaking image segmentation model the company introduced last year. The new model extends AI-driven segmentation technology to the video domain, demonstrating the remarkable progress made over the past year.