Latham & Watkins Advised Hotshot in Acquisition by xAI

xAI, a company working on building artificial intelligence to accelerate human scientific discovery, has announced it has acquired Hotshot, a startup that develops artificial intelligence models optimized for video generation tasks.

Latham & Watkins LLP represented Hotshot in the transaction with a corporate team led by New York partner Peyton Worley, with associates Eduard Grigoryan, Saem Kim, and Adam Zhang. Advice was also provided on tax matters by Washington, D.C. partner Andrea A. Ramezan-Jackson; on employment matters by New York counsel Sandra Benjamin, with associate Sahar Merchant; on benefits and compensation matters by Boston partner Josh Friedman; on IP matters by associate Matthew Snyder; and on privacy and cyber matters by Bay Area partner Robert Blamires, with associate Kiara Vaughn.