K&L Gates Advises Microsoft on US$1 Billion Equity Investment in OpenAI
24 July 2019
- Global law firm
K&L Gates LLP
advises Microsoft Corp. (Nasdaq “MSFT”) on its US$1 billion equity investment in San Francisco-based OpenAI LP to build secure, trustworthy, and ethical artificial intelligence (AI) to serve the public. Through this partnership the companies will focus on building a platform that OpenAI will use to create new AI technologies and deliver on the promise of artificial general intelligence.
Led by Seattle corporate partner Annette Becker, the K&L Gates team also included Seattle partners Won-Han Cheng, Carley Andrews, and Mike Gearin; Wilmington (Del.) partners Eric Feldman and Lisa Stark; Washington, D.C., partner Barry Hart; and San Francisco partner Rikki Sapolich-Krol, as well as Seattle associates Teresa Teng, Caitlin Velasco, Andrea Templeton, and Washington, D.C., associate Laura Gregory.
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