Google Open-Sources the Latest Multimodal Model Gemma-3; Spot Market Remains Sluggish [SMM Tin Morning News]

Google Open-Sources Latest Multimodal Model Gemma-3 Spot Market Remains Sluggish [SMM Tin Morning Brief] Last night, Google (GOOG.O) CEO Sundar Pichai announced the open-sourcing of the latest multimodal model, Gemma-3, which focuses on low cost and high performance. Gemma-3 comes in four parameter configurations: 1 billion, 4 billion, 12 billion, and 27 billion. Even with the largest 27 billion parameters, it can efficiently perform inference with just one H100, whereas similar models require at least 10 times the computing power to achieve the same results. It is currently the most powerful small-parameter model. According to blind test data from LMSYS ChatbotArena, Gemma-3 ranks second only to DeepSeek's R1-671B, surpassing well-known models such as OpenAI's o3-mini and Llama3-405B. Overall, SHFE tin prices in the night session fluctuated upward within a narrow range, oscillating at high levels between 263,000-266,000 yuan/mt. In the tin ingot spot market, spot transactions remained sluggish yesterday, with most traders reporting scattered deals and overall poor sales. As night session tin prices fluctuated upward, the spot market became even more subdued. Downstream enterprises continued to make just-in-time procurement, with high prices suppressing restocking willingness. However, trade-in policies and high home appliance production schedules provided potential support for demand.