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Microsoft launched a lightweight AI model
Microsoft on Tuesday unveiled a lightweight artificial intelligence model, as it looks to appeal to a wider customer base with cost-effective options.
The new version, called Phi-3-mini, is the first of three small language models (SLM) released by the company, as it bets its future on technology that is expected to have a far-reaching impact on the world and the way people work.
“Phi-3 is not a little cheaper, it’s dramatically cheaper, we’re talking about a 10x cost difference compared to other models out there with the same capabilities,” said Sébastien Bubeck, Microsoft’s vice president of GenAI research.
SLM is designed to perform simpler tasks, making it easier for companies with limited resources to use, the company said.
Phi-3-mini will be available immediately on Microsoft’s Azure AI model catalog cloud service platform, Hugging Face’s machine learning model platform and Ollama, a framework for running models on local machines, the company said.
Last week, Microsoft invested $1.5 billion in UAE-based AI firm G42. It also previously partnered with French startup Mistral AI to provide their models through the Azure cloud computing platform.
