Jammu, April 24 -- Microsoft has launched a new lightweight AI model called Phi-3-mini, providing a more affordable option for businesses looking to incorporate artificial intelligence capabilities. The tech giant says Phi-3-mini is the first in its series of small language models (SLMs) aimed at making AI accessible for a wider customer base at a lower cost.

As the world increasingly leverages AI technologies across various industries, cost has been a barrier for many small and medium companies. Microsoft's new SLM is designed to overcome this challenge. Phi-3-mini is touted to be dramatically cheaper than comparable AI offerings, with estimated savings of around 90%. This significant reduction in pricing opens up AI opportunities for b...