Acquisition AI News & Updates

Qualcomm Acquires VinAI's Generative AI Division to Strengthen Edge AI Capabilities

Qualcomm has acquired the generative AI division of Vietnamese startup VinAI for an undisclosed amount, marking Qualcomm's continued expansion into AI tooling. VinAI, founded by former DeepMind scientist Hung Bui, primarily focuses on AI-powered automotive products and will contribute to Qualcomm's product families for smartphones, PCs, and vehicles.

Elon Musk's xAI Acquires Hotshot to Accelerate Video Generation Capabilities

Elon Musk's AI company, xAI, has acquired Hotshot, a startup specializing in AI-powered video generation technologies similar to OpenAI's Sora. The acquisition positions xAI to integrate video generation capabilities into its Grok platform, with Musk previously indicating that a "Grok Video" model could be released within months.

Musk Makes $97.4 Billion Bid for OpenAI, Altman Dismisses Offer

Elon Musk has reportedly made a $97.4 billion bid to acquire OpenAI, which would be one of the largest tech acquisitions in history. OpenAI CEO Sam Altman quickly dismissed the offer, responding with a suggestion he could buy Musk's X platform for a tenth of the price, highlighting growing tensions between the AI industry leaders.

Musk-Led Consortium Offers $97.4 Billion to Buy OpenAI Amid Legal Battle

Elon Musk and investors have offered $97.4 billion in cash to acquire OpenAI, with the bid expiring in May 2025. The offer comes amid Musk's lawsuit attempting to block OpenAI's conversion from nonprofit status, with his legal team stating they'll withdraw the bid if OpenAI remains a nonprofit.

Elon Musk Leads $97.4 Billion Bid to Purchase OpenAI, Promising Return to Open Source Roots

Elon Musk, along with investors including his AI company xAI, has submitted an unsolicited $97.4 billion bid to purchase OpenAI. Musk, who co-founded OpenAI in 2015 and is currently in legal disputes with the company, claims the acquisition would return OpenAI to its original mission as an open-source, safety-focused organization, contrasting this with his approach at xAI where he claims to have made the Grok model open source.