Microsoft has released Phi-3-mini, a new AI language model designed to be lightweight and cost-effective. With only 3.8 billion parameters, Phi-3-mini can run locally on consumer devices such as smartphones and laptops, making AI more accessible to a wider audience. Despite its small size, Phi-3-mini’s performance rivals models like GPT-3.5, showcasing Microsoft’s advancements in training techniques and data curation.