Latham & Watkins Advises AMD in River AI’s US$1.1 Billion Funding

River AI, the full-stack AI company founded by xAI co-founder Igor Babuschkin, has announced US$1.1 billion in funding, led by General Catalyst and AMP PBC with strategic investment from AMD and NVIDIA. Additional investors include Y Combinator and Temasek. The round will accelerate River AI's mission to build powerful personal AI and to give developers and companies the tools to train, tune, and serve their own AI models, putting ownership of AI directly in the hands of the people and organizations who use it.

Latham & Watkins LLP advised AMD in the transaction with a corporate deal team led by Orange County/Bay Area partner Nima Movahedi and Bay Area partner Tad Freese, with associates Christopher Siino and Chloe Wallace.