IBL News | New York
OpenAI on Friday released o3-mini, its latest reasoning model, battling the perception that it’s losing the AI race to Chinese companies like DeepSeek while it prepares for a significant funding round.
The new o3-mini, featured by OpenAI as “powerful and affordable,” is fine-tuned for coding, math, and science.
Reasoning models throughly fact-check themselves before issuing out results, although taking a little longer.
O3-mini is available to all ChatGPT users. However, users who pay for ChatGPT Plus and Team plans get a higher rate limit of 150 daily queries.
ChatGPT Pro subscribers get unlimited access, and ChatGPT Enterprise and ChatGPT Edu customers will be activated this week.
Free users can click or tap the new “Reason” button in the chat bar or have ChatGPT “re-generate” an answer.
Also, o3-mini is available via OpenAI’s API for selecting developers.
o3-mini is priced at $0.55 per million cached input tokens and $4.40 per million output tokens, where a million tokens equate to roughly 750,000 words. That’s 63% cheaper than o1-mini and competitive with DeepSeek’s R1 reasoning model pricing.
DeepSeek charges $0.14 per million cached input tokens and $2.19 per million output tokens for R1 access through its API.
O3-mini is not OpenAI’s most powerful model to date, nor does it leapfrog DeepSeek’s R1 reasoning model in every benchmark, according to TechCrunch.
