(Reuters) – Generative artificial intelligence startup Liquid AI said on Friday it has closed a $250 million seed funding round led by chipmaker Advanced Micro Devices, which is also its strategic partner.
Consumer GenAI, which gained worldwide attention in 2022 with the launch of OpenAI’s ChatGPT, is at the center of the rapidly growing AI sector. This year, investors have also poured billions of dollars into GenAI startups.
Liquid AI is developing Liquid Foundation Models (LFM), which it says are smaller, more efficient AI models for enterprise use, compared to traditional cloud-based offerings from OpenAI, AWS and Google Cloud .
The strategic partnership with AMD will help the Cambridge, Massachusetts-based startup optimize LFMs with AMD’s graphics, central and neural processing units.
The funding will also help Liquid AI scale infrastructure and develop tailored LFMs for industries including consumer electronics, biotechnology, telecommunications, financial services and e-commerce.
(Reporting by Rishi Kant in Bangalore; editing by Alan Barona)