OpenAI Launches Cheaper, Faster Reasoning Model: o3-mini

OpenAI unveiled o3-mini, a new AI reasoning model in its 'o' family. While comparable in capability to the o1 family, o3-mini boasts faster speeds and lower costs. Fine-tuned for STEM problems, particularly programming, math, and science, it's available in ChatGPT with adjustable 'reasoning effort' settings balancing speed and accuracy. Paid users get unlimited access, while free users have a query limit. Also accessible via OpenAI's API to select developers, o3-mini offers competitive pricing and improved safety, though it doesn't surpass DeepSeek's R1 model in all benchmarks.