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Not heard of minigpt4. Why that name? Is it claiming to be specifically a gpt4 competitor?

MiniGPT-4 is a multimodal model. The name (a bad one, IMO) is a reference to GPT-4's multimodal capability.

They should rename it to ManyGPT.

There's more info here: https://github.com/Vision-CAIR/MiniGPT-4 (Linked in the Readme of the repo.)