OpenAI launches new affordable o3-mini model
By ForGeeks The first compact Reasoning model has been released just weeks after a Chinese AI startup emerged as a potential competitor for them. On Friday, OpenAI unveiled its new model called the o3-mini, which it calls «the most affordable model» in its Reasoning range. The model was previewed in December, and its release coincided with the week that the DeepSeek R1 open-source model gained attention by disrupting major tech companies.
The model’s release coincided with the week that the DeepSeek R1 open-source model gained attention by disrupting major tech companies.
The R1 model prompted OpenAI to launch a review to see if DeepSeek’s technology could have somehow mishandled their innovation.
A spokesperson for OpenAI previously noted that research teams in China are actively working on methods, including so-called distillation, to replicate advanced U.S. AI models. While the world has analyzed the investment strategies of companies such as Meta* and Microsoft, the availability and performance of R1 has raised questions and discussions.
At the same time, the R1’s availability and performance have raised questions and discussions.
Many companies have increased their investments in artificial intelligence, and OpenAI seems to be increasing its financial investments as well. The company is reportedly in talks to raise $25 billion from SoftBank in its latest round of funding, which could value it at $300 billion.
The company has been in talks to raise $25 billion from SoftBank in its latest round of funding, which could value it at $300 billion.
Like the R1, the o3-mini is designed to solve complex problems. OpenAI says it is particularly effective in science, math, and programming. Developers can customize the logic level to low, medium, or high depending on the complexity of the task at hand.
Users of ChatGPT Plus, Team and Pro will be able to access o3-mini starting Friday, while users of the free version can try out the new model by selecting the «Reason» («Reason») option.
* Owned by Meta, it is recognized as an extremist organization in the Russian Federation and its activities are banned.
