OpenAI released its newest reasoning model, called o3-mini, on Friday. OpenAI says the model delivers more intelligence than OpenAI’s first small reasoning model, o1-mini, while maintaining o1-mini’s low price and speed. The company says o3-mini excels in science, math, and coding problems.

OpenAI rolled out a new, lightweight artificial intelligence model that it said is capable of humanlike reasoning and makes gains on efficiency — a product that will be closely watched following the release of an open-source model from China’s DeepSeek.

OpenAI has launched a new 'reasoning' AI model, o3-mini, the successor to the AI startup's o1 family of reasoning models.

OpenAI believes DeepSeek used a process called “distillation,” which helps make smaller AI models perform better by learning from larger ones.

OpenAI's new release coincides with industry wide panic triggered by the disruption caused by the release of DeepSeek, an AI chatbot from a Chinese company.