Ollama has released version v0.40.12, introducing Liquid AI's new LFM3 family of small models. These models are designed for local agents, tool calling, and structured output, utilizing Liquid AI's novel tri-hybrid architecture. The LFM3 family includes a 1.7B text model with a 256K-token context window and a version with image understanding capabilities. AI
IMPACT Enhances local agent capabilities and tool integration with new small models.
RANK_REASON This is a software release for a model distribution platform, not a frontier model release from a major lab.
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