Phi-3 models are the most capable and cost-effective small language models (SLMs) available, outperforming models of the same size and next size up across a variety of language, reasoning, coding, and math benchmarks. This release expands the selection of high-quality models for customers, offering more practical choices as they compose and build generative AI applications.
https://azure.microsoft.com/en-us/blog/introducing-phi-3-redefining-whats-possible-with-slms/