xAI acquires Hotshot to expand AI-powered video generation capabilities
Intel’s new CEO, Lip-Bu Tan, plans major shifts in chip manufacturing and AI strategy
Mistral AI's open-source model outperforms larger competitors with fewer parameters
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NEWS UPDATES
xAI has acquired Hotshot, a startup that has been developing AI-powered video generation tools similar to OpenAI's Sora. Hotshot was founded a few years ago and initially focused on AI-powered photo creation and editing before pivoting to text-to-video AI models.
The acquisition suggests that xAI plans to build its video-generation capabilities to compete with other major players.
Intel has a new CEO, Lip-Bu Tan, who is planning major changes for the company. Tan is considering big shifts in how Intel makes its computer chips and works on AI. This could include letting go of some middle managers and changing how the company manufactures its chips.
Mistral AI has released a new open-source AI model that outperforms larger proprietary models from tech giants like Google and OpenAI using just a fraction of the parameters.
Mistral is taking a different approach than the tech giants, who keep their most powerful AI systems private. Mistral's open-source model allows anyone to use and build on it. This also gives Mistral an advantage in Europe, where new AI regulations are coming into effect.
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