Microsoft Corp. (NASDAQ:MSFT) has launched Phi-3 Mini, a lightweight AI model with 3.8 billion parameters, the smallest in its Phi series.
What Happened: Microsoft's Phi-3 is the first of three small models that Microsoft plans to release. It is trained on a relatively smaller dataset and is now available on Azure, Hugging Face, and Ollama.
The Phi-3 Mini is an improvement over its predecessor, Phi-2, and is said to perform as well as larger models like Meta Platforms Inc.'s Llama 2, and OpenAI's GPT-3.5.
Microsoft plans to release two more models in the Phi-3 series: Phi-3 Small (7B parameters) and Phi-3 Medium (14B parameters).
Phi-3 Mini is primarily geared at lower capacity devices like smartphones and comes at a time when Apple Inc. is still hashing out plans to license Alphabet Inc.'s