🗞 xAI Acquires Hotshot, Mistral Launches Small 3, and More AI Moves

🔎 The Latest on the AI Frontier:

• Musk's xAI Expands Capabilities: Acquires Video Generator Startup Hotshot

• Mistral AI Releases Small 3: New 24B Open-Source Model Optimized for Speed

• Other news you might find interesting

🤝 Elon Musk's xAI acquires AI video generator startup Hotshot as it expands its capabilities in the generative AI space

• Hotshot CEO Aakash Sastry announced the acquisition, noting they've built three video foundation models over the past 2 years that will now operate on xAI's "Colossus" cluster.

• The acquisition comes as xAI is reportedly in talks to raise $10B, which would value the AI startup at $75B.

• Musk previously suggested Tesla could invest $5B in xAI, an idea that received nearly two-thirds of "yes" votes in an online poll he conducted in July 2024.

🚀 Mistral AI launches Small 3, a 24B open-source model optimized for speed and efficiency

• Achieves 81% accuracy on MMLU benchmark while processing up to 150 tokens per second, competing with larger models like Llama 3.3 70B and Qwen 32B.

• Runs 3x faster than comparable models and can operate on consumer hardware including RTX 4090 GPUs or MacBooks with 32GB RAM when quantized.

• Available on Hugging Face, Ollama, Kaggle, Together AI, Fireworks AI, and IBM Watson X, with future integrations planned for NVIDIA NIM, Amazon SageMaker, Groq, Databricks, and Snowflake.

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