Microsoft launched three new models in its Phi series: Phi-3.5-mini-instruct, Phi-3.5-MoE-instruct, and Phi-3.5-vision-instruct, each addressing different AI tasks with impressive benchmark performances. These models are open source under the MIT License and available for developers on Hugging Face. Despite their smaller size compared to some counterparts, the Phi models have achieved near-state-of-the-art results, surpassing competitors like GPT-4o and Llama in certain benchmarks.