diff --git a/presets/models/supported_models.yaml b/presets/models/supported_models.yaml
index 3f8dda09e..0f68002c5 100644
--- a/presets/models/supported_models.yaml
+++ b/presets/models/supported_models.yaml
@@ -34,23 +34,24 @@ models:
     type: text-generation
     version: https://huggingface.co/tiiuae/falcon-7b/commit/898df1396f35e447d5fe44e0a3ccaaaa69f30d36
     runtime: tfs
-    tag: 0.0.2
+    tag: 0.0.3
   - name: falcon-7b-instruct
     type: text-generation
     version: https://huggingface.co/tiiuae/falcon-7b-instruct/commit/cf4b3c42ce2fdfe24f753f0f0d179202fea59c99
     runtime: tfs
-    tag: 0.0.2
+    tag: 0.0.3
   - name: falcon-40b
     type: text-generation
     version: https://huggingface.co/tiiuae/falcon-40b/commit/4a70170c215b36a3cce4b4253f6d0612bb7d4146
     runtime: tfs
-    tag: 0.0.2
+    tag: 0.0.3
   - name: falcon-40b-instruct
     type: text-generation
     version: https://huggingface.co/tiiuae/falcon-40b-instruct/commit/ecb78d97ac356d098e79f0db222c9ce7c5d9ee5f
     runtime: tfs
-    tag: 0.0.2
+    tag: 0.0.3
     # Tag history:
+    # 0.0.3 - Update Default Params (#294)
     # 0.0.2 - Inference API Cleanup (#233)
     # 0.0.1 - Initial Release
 
@@ -59,13 +60,14 @@ models:
     type: text-generation 
     version: https://huggingface.co/mistralai/Mistral-7B-v0.1/commit/26bca36bde8333b5d7f72e9ed20ccda6a618af24
     runtime: tfs
-    tag: 0.0.2
+    tag: 0.0.3
   - name: mistral-7b-instruct
     type: text-generation
     version: https://huggingface.co/mistralai/Mistral-7B-Instruct-v0.2/commit/b70aa86578567ba3301b21c8a27bea4e8f6d6d61
     runtime: tfs
-    tag: 0.0.2
+    tag: 0.0.3
     # Tag history:
+    # 0.0.3 - Update Default Params (#294)
     # 0.0.2 - Inference API Cleanup (#233)
     # 0.0.1 - Initial Release
 
@@ -74,6 +76,7 @@ models:
     type: text-generation 
     version: https://huggingface.co/microsoft/phi-2/commit/b10c3eba545ad279e7208ee3a5d644566f001670
     runtime: tfs
-    tag: 0.0.1
+    tag: 0.0.2
     # Tag history:
-    # 0.0.1 - Initial Release
\ No newline at end of file
+    # 0.0.2 - Update Default Params (#294)
+    # 0.0.1 - Initial Release