Issue #10: Perplexity - the future of AI search? Microsoft launches a small language model: Phi-3

Perplexity raises $250m funding round with a $3B valuation. Microsoft launches a small language model: Phi-3

Welcome to Issue #10 of One Minute AI, your daily AI news companion. This issue discusses highly innovative announcements in AI.

Perplexity: The $3B Bet on AI Search

• Massive $250M+ funding at $2.5B-$3B valuation, rapid growth

• Unique hybrid approach: web search + conversational AI

• Accurate, source-backed answers from curated data

• Tailored experience for user needs and queries

• Advanced summarization and topic exploration capabilities

• Leverages cutting-edge models like GPT-4 for content generation

• Transparent about sources and citations

• Alternative to opaque, ad-driven search engine giants

• Focused on research, writing, knowledge discovery use cases

• Personalized, user-centric search experience

• Innovative, differentiated solution in AI search space

• One to watch in the future of intelligent knowledge navigation

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Phi-3: Microsoft's Compact AI Powerhouse

• Powerful yet compact models outperforming larger ones

• Ideal for simpler tasks, limited resources, easy fine-tuning

• Cost-effective options across Phi-3-mini, -small, -medium

• Accessible via Azure AI for development and deployment

• Complement large models' strengths in specific use cases

• Open source, allowing customization and transparency

• Faster training times and lower computational costs

• Suitable for on-device deployment and edge applications

• Enable developers to build trustworthy, safer AI apps

• Microsoft's innovations make small models more capable

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