OpenAI has completed development of its latest reasoning AI model, o3 mini, and is set to launch it in the coming weeks, CEO Sam Altman announced on Friday. The Microsoft-backed company has taken user feedback into account and, as a result, plans to release both the ChatGPT update and its API simultaneously, Altman shared in a post on social media platform X.
The announcement comes as competition intensifies in the AI industry, with OpenAI racing against rivals like Google (Alphabet Inc.) to develop more advanced models capable of tackling increasingly complex problems. Last December, OpenAI revealed that it was testing o3 and o3 mini, signaling a major step forward in AI reasoning capabilities. Initially, the company had planned to launch o3 mini by the end of January, followed by the full o3 model, with both expected to surpass existing models in performance and attract new investments and users.
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This new generation builds on OpenAI’s previous advancements. In September 2024, the company introduced the o1 AI models, designed to spend more time processing queries to improve problem-solving in fields such as science, coding, and mathematics. OpenAI has stated that o3 and o3 mini will be even more powerful, further enhancing their ability to handle sophisticated reasoning tasks.
Beyond model development, OpenAI is also making strides in AI-powered virtual assistants. Earlier this week, the company announced a beta feature called “Tasks” for ChatGPT, positioning itself as a competitor to Apple’s Siri and Amazon’s Alexa. This move marks OpenAI’s entry into the virtual assistant space, expanding its reach beyond traditional chatbot applications.
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Since the launch of ChatGPT in late 2022, OpenAI has been at the forefront of the AI revolution, driving massive investments into the industry. The rapid growth of its AI products helped the company secure a $6.6 billion funding round in October, further cementing its status as a leader in artificial intelligence innovation.