Generative artificial intelligence startup Liquid AI said it has closed a $250 million early-stage funding round led by chipmaker AMD. Liquid AI has developed Liquid Foundation Models (LFMs), which it says are smaller, more efficient, and enterprise-friendly than traditional cloud-based offerings from OpenAI, AWS, and Google Cloud. The funding will help Liquid AI scale its infrastructure and develop customized LFMs for industries such as consumer electronics, biotech, telecommunications, financial services, and e-commerce. (Reuters)