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Microsoft unveils Phi-3-mini, its smallest AI model yet

Microsoft recently introduced the Phi-3-mini, a high-performance small language model (SLM) that outperforms larger models in various benchmarks. SLMs like Phi-... Microsoft recently introduced the Phi-3-mini, a high-performance small language model (SLM) that outperforms larger models in various benchmarks. SLMs like Phi-3-mini are streamlined versions of large language models (LLMs) that offer cost-effective and efficient solutions for AI applications, especially in resource-constrained environments like on-device or offline scenarios. These models excel in tasks where fast response times and cost efficiency are crucial, such as chatbots or virtual assistants. The Phi-3-mini supports a context window of up to 128K tokens, making it suitable for processing large text content with minimal impact on quality. Microsoft plans to expand its Phi-3 family with additional models like Phi-3-small and Phi-3-Medium to offer customers more flexibility.

Trial begins for groundbreaking new personalised melanoma treatment

Doctors are conducting trials on the world's first personalized mRNA cancer vaccine for melanoma, aiming to cure patients permanently. The vaccine targets speci... Doctors are conducting trials on the world's first personalized mRNA cancer vaccine for melanoma, aiming to cure patients permanently. The vaccine targets specific cancer cells using neoantigen therapy, designed individually for each patient based on their tumor's DNA sequencing. Phase 2 trials showed promising results, with a significant reduction in cancer recurrence risk. Now, a phase 3 trial led by University College London Hospitals NHS Foundation Trust is underway, involving a larger patient pool to further assess the vaccine's efficacy across various cancers.

REC Ltd secures Japanese green loan of Rs 3,200 crore

REC Limited, a Maharatna Central Public Sector Enterprise and leading NBFC under the Ministry of Power, secured a significant Green Loan of Japanese Yen (JPY) 6... REC Limited, a Maharatna Central Public Sector Enterprise and leading NBFC under the Ministry of Power, secured a significant Green Loan of Japanese Yen (JPY) 60.536 billion (Rs. 3,200 crore). This loan, backed by an 80% guarantee from SACE, Italy's Export Credit Agency, marks a pioneering collaboration between Indian and Italian entities in sustainable financing. Participating banks from Asia, the USA, and Europe highlight the global interest in this initiative, emphasizing REC's commitment to stringent environmental standards and renewable energy projects. REC's Chairperson anticipates further collaborations, showcasing the growing Indo-Italian partnership in green energy financing.

Current Affairs

Microsoft unveils Phi-3-mini, its smallest AI model yet

Trial begins for groundbreaking new personalised melanoma treatment

REC Ltd secures Japanese green loan of Rs 3,200 crore

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