Mentioned:
AMD -10.80% ORCL -9.60%
One of the giants of chip manufacturing is making a new bet on what the future of artificial intelligence models might be.
What’s happening:
- Advanced Micro Devices (NASDAQ: AMD) has led a new $250M USD Series A financing round for artificial intelligence startup Liquid AI
The big idea:
- Liquid AI develops foundational models for artificial intelligence that require significantly less memory and computing power than traditional artificial intelligence models
- Liquid AI’s foundational models are also designed to be able to work with many different types of data and can quickly process complex mathematics and logical reasoning
Why it matters:
- Advanced Micro Devices is also a strategic partner to Liquid AI and are advancing a collaboration focused on optimizing the foundational models being built by Liquid AI for the GPUs and hardware that Advanced Micro Devices manufactures
Going deeper:
- Advanced Micro Devices has been ramping up investments and partnerships focused on making new breakthroughs in artificial intelligence lately, including previously starting a new collaboration with Oracle (NYSE: ORCL) to build out a new supercluster specifically for artificial intelligence computing
The intrigue:
- The race to build out next generation artificial intelligence models has not shown any signs of slowing down yet, with Elon Musk founded xAI just recently raising $6B USD in a new financing round to continue developing new types of artificial intelligence technology
