Lisa Su has acted as AMD’s CEO for more than a decade. Noam Galai/Getty Images for TIME

AMD (AMD), a Santa Clara, Calif.-based chipmaker that has benefited generously from the A.I. boom, is pouring some of its newfound cash into generative A.I. startups. AMD’s newest A.I. bet is on Liquid AI, a startup established last year by MIT researchers that aims to create cost-effective A.I. models. The chipmaker’s investment arm led the startup’s recent $250 million funding round, which included investors like OSS Capital and Duke Capital Partners and reportedly values the startup at more than $2 billion.

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