How can I change a VM.Standard1.1 Standard Edition VMDB to a more modern shape (e.g. AMD Flex)

Summary:

How can I change a VM.Standard1.1 Standard Edition VMDB to a more modern shape (e.g. AMD Flex)

Content (required):

I would like to change the shape of an existing VMDB to something more modern and flexible

Version (include the version you are using, if applicable):

19c