Published in News

Microsoft launches a small AI for SMEs

by on23 April 2024

It does not need vast amounts of data

Microsoft announced a cost-effective, small-language artificial intelligence model that can create content creation and create social media posts while using smaller amounts of data.

The company introduced an AI model called Phi-3-mini, which it said can outperform models twice its size across various benchmarks that evaluate language, coding and math capabilities, it said in a statement.

Microsoft said that smaller AI models are designed to perform more straightforward tasks, making it easier for companies with limited resources.

Microsoft added that a business could use Phi-3 to summarize the main points of a long document and extract relevant insights and industry trends from market research reports.

The company said phi-3-mini would 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.

Last week, Microsoft invested $1.5 billion in UAE-based AI firm G42. It previously partnered with French startup Mistral AI to make its models available through its Azure cloud computing platform.

Last modified on 23 April 2024
Rate this item
(0 votes)