FastText

FastText is an open-source library for text classification and learning word representations. Developed by Facebook AI Research, it is designed for efficiency and can operate on standard hardware. The library is known for its ability to handle out-of-vocabulary words and process large datasets with minimal resources. It functions as both a command-line tool and a Python library, requiring users to train their own models. FastText offers high performance for text classification and is often considered an alternative for generating word embeddings, capable of producing models that can be reduced in size for mobile deployment.