Microsoft launches mini AI model

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Thursday’s top story: Microsoft has launched a lightweight language model—Phi-3 Mini—that’s designed to run on smartphones for everyday AI tasks.

🌤️ This Morning on AI Tool Report

1. 🪶Microsoft launches mini AI model for smartphones

2. 😵‍💫 Amazon and Microsoft in trouble over partnerships

3. 🙅‍♂️ Meta AI unprofitable for 2 years

4. 🫰 NVIDIA acquire Israeli start-up for $700M

Read Time: 5 minutes

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AI MODELS

🪶Microsoft launches mini AI model for smartphones

Our Report: Microsoft has released a miniaturized AI model–Phi-3 Mini–the first in a family of lightweight models designed to bring AI capabilities to smartphones.

🔑 Key Points:

• Phi-3 Mini was trained on quality educational and synthetic data, and bedtime stories (drawing inspiration from how children learn), with researchers favoring quality over quantity.

• As a result—although smaller—Phi-3 Mini surpassed Llama 3 and scored just below GPT 3.5 in natural language understanding and reasoning, and beat both on arithmetic reasoning.

• Phi-3 Mini was developed under Microsoft’s ‘Responsible AI Standards’ and is available on Microsoft’s Azure AI Studio, ML model platform Hugging Face, and the Ollama framework.

🤨 Why you should care: Traditional large language models (LLMs)--like GPT-4 and Llama 3–require large amounts of computing power to run, which is expensive and leaves a huge carbon footprint, so Microsoft has built this lightweight language model that provides similar LLM capabilities but needs less computing power, making it cheaper and more sustainable.

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REGULATIONS

😵‍💫 Amazon and Microsoft in trouble over partnerships

• The UK Competition and Markets Authority (CMA) is investigating the impact Microsoft and Amazon's hiring practices and partnerships with AI startups could have on UK competition.

• It comes after Microsoft hired the core Inflection AI team (as part of a $650M contract) and invested $16M in Mistral AI, and Amazon recently completed a $4B stake in Anthropic.

• Amazon has named the CMA’s move “unprecedented” as Anthropic doesn’t have a seat on its board and can run models across different cloud providers, not just AWS.

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REVENUE PROJECTION

🙅‍♂️ Meta AI unprofitable for 2 years

• Zuckerberg announced that his main focus for 2024 and 2025 will be to spend more and get “billions of people to use Meta AI”, rather than generating revenue from it.

• He reminded stakeholders that often, Meta products—like Instagram reels—have to scale before they become profitable, making the same prediction for Meta AI.

• Higher spending on AI, with a weak revenue forecast has rattled investors as Meta's shares plummeted by more than 15% during its earnings review on Wednesday.

ACQUISITION

🫰 NVIDIA acquire Israeli start-up for $700M

• NVIDIA is acquiring Run:ai—an Israeli-based start-up that makes it easier for developers and operations to manage and optimize their AI hardware infrastructure—for a rumored $700M.

• Run:ai has collaborated with NVIDIA since 2020, and this acquisition will give customers even more advanced infrastructure and software to manage and train their AI models.

• Run:ai is one of NVIDIA’s biggest acquisitions since it bought Mellanox Technologies—an Israeli-American supplier of computer networking products—for $6.9B in 2019.

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