tl;dr
Microsoft (NASDAQ:MSFT) unveiled a cost-effective, small language AI model called Phi-3-mini, Reuters reported. The new model can perform tasks such as content creation and make social media posts while using fewer data. The AI model can outperform models twice its size in several benchmarks which e...
Microsoft (NASDAQ:MSFT) unveiled a cost-effective, small language AI model called Phi-3-mini, Reuters reported. The new model can perform tasks such as content creation and make social media posts while using fewer data. The AI model can outperform models twice its size in several benchmarks which evaluate language, coding and math capabilities, the report added, citing the company. Smaller AI models are aimed at performing simpler tasks, which makes it easier for use by companies with limited resources, Microsoft noted. The tech giant added that Phi-3-mini will be available immediately on its cloud service 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 noted that it would invest $1.5B for a minority stake in UAE-based AI firm G42 to bring advanced AI and digital infrastructure to markets across the Middle East, Central Asia, and Africa. The company announced in February a collaboration with AI start up Mistral AI amid efforts to look beyond OpenAI, the creator of AI tool ChatGPT. Mistral's latest language model called Mistral Large — which can be used for multilingual reasoning tasks, including text understanding, transformation, and code generation — is available through Azure AI Studio and Azure Machine Learning. Microsoft has invested billions of dollars in OpenAI, an alliance which is already facing potential scrutiny in the U.S. and the EU. Even the company's team up with Mistral, reportedly, could potentially be under the EU's anti-competition agency's lens.
More about Microsoft Corporation
Microsoft Corporation is an American multinational technology company that produces computer software, consumer electronics, personal computers, and related services. Its best-known software products include the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. Its flagship hardware products are the Xbox video game consoles and the Microsoft Surface lineup of touchscreen personal computers. Microsoft ranked No. 21 in the 2020 Fortune 500 rankings of the largest United States corporations by total revenue. It was the world's largest software maker by revenue as of 2016 and is considered one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Amazon, and Facebook.
Sector: Technology
Industry: Services-Prepackaged Software
Market Cap: 297.93 Billion
Current Price: $36.25
Change: 2.86 ( 11.06%)
Volume: 30.61 million
PE Ratio: 0.363
EPS: 227.58
Dividend Yield: 1.44%
52 Week High: $462.44
52 Week Low: $0.332
Beta: 0.176
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