Apple’s smartphone sales in the world’s largest smartphone market dropped sharply, placing the company third overall behind local rivals, Vivo and Honor.

Apple's smartphone sales declined by 19.1% in the first quarter of 2024, while rival Huawei's grew by 69.1%, signaling an increasing threat to the U.S. firm's dominance in the high-end segment of the world's largest smartphone market.

Microsoft has unveiled its latest light AI model called the Phi-3 Mini designed to run on smartphones and other local devices, it revealed in a new research paper. Trained on 3.8 billion parameters, it's the first of three small Phi-3 language models the company will release in the near future.

Microsoft on Tuesday launched Phi-3 Mini, the first of three small models the company says it'll launch in the coming months. Microsoft trained Phi-3 Mini on 3.8 billion parameters, or variables that AI models use to deliver better results.

Microsoft on Tuesday announced a cost-effective, small language artificial intelligence model that can perform tasks such as content creation and create social media posts while using smaller amounts of data.