Microsoft (MSFT.O) unveiled Phi-3-mini, a cost-effective small language artificial intelligence model aimed at performing tasks like content creation and social media posts using smaller data sets. The new model outperforms larger models across language, coding, and math benchmarks, offering flexibility for companies with limited resources.
Phi-3-mini enables businesses to summarize documents, extract insights from market research reports, and analyze industry trends efficiently. It will be readily available on Microsoft’s Azure AI model catalog, Hugging Face’s machine learning model platform, and Ollama, a framework for running models locally.
This announcement follows Microsoft’s recent $1.5 billion investment in UAE-based AI firm G42 and partnerships with startups like Mistral AI to integrate their models into Azure’s cloud computing platform.
Source: Reuters