LOS ANGELES (October 8, 2026)—Ashurst Perkins Coie is proud to congratulate longtime client World Labs, a leading spatial intelligence company, after signing a definitive agreement to join AMD, a leader in adaptive computing and semiconductor products. The transaction is valued at approximately $8.2 billion and is expected to close by the end of 2026.
Founded by AI pioneer Dr. Fei-Fei Li, World Labs aims to advance spatial intelligence by building world models that can perceive, generate, reason, and interact with the 3D world. In September, the company launched its groundbreaking, next-generation world model, Atlas. Atlas can render imagined worlds for creative users, simulate the real world in high fidelity, and help robots plan actions.
Emerging Companies & Venture Capital Partner (ECVC) Matt Oshinsky, Counsel Suzana Gadzo, and Associate Kaina Pengilly began working with Li and the other founders in 2023, helping form World Labs and subsequently coordinating comprehensive legal support for the company.
“It has been the privilege of a lifetime to support World Labs and see them grow from a core team and a vision, working in the earliest days out of conference rooms in our San Francisco office, to a multibillion-dollar market leader in the development of spatial intelligence,” Matt said. “Ashurst Perkins Coie and World Labs share values rooted in curiosity and innovation, and we look forward to seeing what World Labs can accomplish in partnership with AMD.”
Ashurst Perkins Coie has long been known for its entrepreneurial spirit, commitment to innovation, and cutting-edge legal capabilities deployed in service of game-changing founders and the leading businesses of tomorrow. Since World Labs’ formation, the Ashurst Perkins Coie team has advised the company on patent and trademark strategy, data privacy and security, technology transactions, tax, employment, benefits, executive compensation, real estate, regulatory compliance, corporate governance, and M&A. The team has also supported World Labs through three funding rounds, in which the company raised approximately $1.3 billion from leading venture capital and strategic investors, as well as prominent angel investors.
In addition to Matt, Suzana, and Kaina, the Ashurst Perkins Coie team advising World Labs includes Partners Sumedha Ahuja, Britt Anderson, Andrew Grant, Bryan Smith, Aaron Holloway, Matt Goldberg, Wendy Moore, Liz Mendoza, Andrew Caridas, and Patrick Anding; Associates Jimmy Sanders and Spencer Post; Paralegal Marty Kennedy; and more.
From incorporation to exit, Ashurst Perkins Coie helps clients build great companies. The firm’s ECVC lawyers have managed thousands of venture capital and growth equity financings, helping clients raise billions of dollars annually. The team provides legal and business counseling to innovative companies across industries, including AI, energy innovation, fintech and blockchain, digital media and gaming, healthcare, biotech, and consumer products.
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