Subj : Microsoft unveils mini-model AI for small businesses
To   : All
From : TechnologyDaily
Date : Tue Apr 23 2024 15:15:05

Microsoft unveils mini-model AI for small businesses

Date:
Tue, 23 Apr 2024 14:00:00 +0000

Description:
Smaller Phi-3-mini model is compact enough to be deployed on mobile, but 
powerful enough to rival GPT-3.5, Microsoft says.

FULL STORY
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Microsoft has introduced a new, smaller AI model for businesses looking to 
benefit from AIs efficiency and productivity enhancements on a smaller scale. 

The company's latest model, Phi-3-mini, offers all the abilities of other 
generative AI models such as content creation and summarization for small 
businesses, but should require fewer resources, giving making it both lighter 
and cheaper. 

Those improvements also help the worldwide effort of democratizing AI by 
making it more accessible to smaller companies without the resources of 
multinational enterprises. Microsoft launches Phi-3-mini AI model 

A statement released by Microsoft (via Reuters ) notes Phi-3-mini boasts 
superior performance to other small models and even some that are twice the 
size, surpassing benchmarks across language, coding and mathematical 
capabilities. 

The 3.8 billion parameter language model is trained on 3.3 trillion tokens 
and is likened to GPT-3.5, the model that underpins the publicly available 
free version of ChatGPT. Microsoft Azure AI Platform Corporate VP Eric Boyd 
confirmed this in a statement to The Verge : just in a smaller form factor. 

Its small enough to be deployed on a smartphone and sits beneath 7B and 
14B-parameter versions called Phi-3-small and Phi-3-medium. 

The tech giants commitment to developing lightweight AI solution reflects a 
strategic shift towards catering to more diverse markets following on from 
the early successes that Microsoft has seen with its bigger models and its 
multibillion-dollar investment in OpenAI, the company behind the GPT models 
that underpin many of the generative AI tools available across the Microsoft 
suite. 

Microsoft isnt the only company exploring smaller-scale AI models  Google has 
already lifted the wraps off its Gemma 2B and 7B models and Meta has its own 
Llama 3 8B model. 

Although ChatGPT and its related GPT models have stolen the show for many 
months, looking ahead, its clear that a growing diversity of models are set 
to offer companies endless options when it comes to building and deploying 
generative AI applications, which can only be good news for competition. More 
from TechRadar Pro Decentralized AI will play a pivotal role in shaping the 
future of AI Check out the best AI writers for a helping hand drafting 
documents Fancy a more powerful phone? These are the best business smartphones



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Link to news story:
https://www.techradar.com/pro/microsoft-unveils-mini-model-ai-for-small-busine
sses


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