[r/LocalLLaMA] Presence Penalty was added in the latest LMStudio 0.4.7 Beta release

Summary

The latest LMStudio 0.4.7 Beta release now includes a "Presence Penalty" feature, as announced on r/LocalLLaMA. This addition is significant for users running large language models locally, as the presence penalty helps reduce repetition in generated text. It aims to enhance the quality and coherence of local LLM outputs for the community.

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