The new version called Phi-3-mini is the first of the three small language models (SLM) to be released by the company.
Microsoft launched a lightweight artificial intelligence model,Phi-3-mini, as it looks to attract a wider client base with cost-effective options.
Sébastien Bubeck, Microsoft’s Vice president of GenAI research, said, “Phi-3 is not slightly cheaper, it’s dramatically cheaper, we’re talking about a 10x cost difference compared to the other models out there with similar capabilities.”
The new version called Phi-3-mini is the first of the three small language models (SLM) to be released by the company, as it stakes its future on a technology that is expected to have a wide-ranging impact on the world and the way people work.Phi-3-mini will be available immediately on Microsoft cloud service platform Azure’s AI model catalog, machine learning model platform Hugging Face, and Ollama, a framework for running models on a local machine.
