Add beef broth and beer and stir to deglaze any bits stuck to the bottom of the Instant Pot making sure to scrape up any brown bits on the bottom.
Seal the lid and valve of the Instant Pot and use the CHILI function (or set to high pressure for 25 minutes). Once completed, allow to naturally release 20 minutes. Open the valve to release any remaining pressure.
(Nutrition information provided is an estimate and will vary based on cooking methods and brands of ingredients used.)