Microsoft released Phi-3 Mini, a compact AI model with 3.8 billion parameters, suitable for personal devices and corporate use due to affordability and ease of implementation.
Smaller AI models like Phi-3 Mini excel on personal devices, offering efficiency and cost-effectiveness, with tools such as Orca-Math targeting specific tasks like problem-solving.
Various companies, including Google and Meta, are developing compact AI models for specific purposes like language understanding, research paper summarization, and coding assistance.
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