Liquid AI Secures $250 Million Funding Round Led by AMD
Generative artificial intelligence startup Liquid AI has announced that it has closed a $250 million early-stage funding round led by chipmaker Advanced Micro Devices (AMD). The strategic partnership with AMD will enable the Cambridge, Massachusetts-based startup to optimize its Liquid Foundation Models (LFMs) with AMD’s graphic, central, and neural processing units.
Liquid AI develops LFMs, which are smaller and more efficient AI models for enterprise use compared to traditional cloud-based offerings from OpenAI, AWS, and Google Cloud. The funding will also support the startup’s efforts to scale its infrastructure and develop tailored LFMs for industries such as consumer electronics, biotechnology, telecommunications, financial services, and e-commerce.
This funding round comes as the GenAI sector continues to experience rapid growth, with investors funneling billions of dollars into GenAI startups this year. The success of Consumer GenAI, which captured global attention in 2022 with the launch of OpenAI’s ChatGPT, has also driven interest in the sector.
