OpenAI o3-mini for free, ChatGPT Gov, and ElevenLabs’ Series C: This week’s AI launches

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OpenAI logo at the Mobile World Congress in Barcelona, Spain on February 28, 2024.
Photo: Joan Cros/NurPhoto (Getty Images)

OpenAI launched its newest reasoning model, o3-mini, in ChatGPT and through its API this week. The o3-mini launch is the first time the AI startup is offering an AI model with reasoning capabilities to ChatGPT’s free users, it said.

o3-mini has medium reasoning capabilities that match the o1 reasoning model’s performance in math, coding, and science, OpenAI said. However, o3-mini has a “significantly lower cost” and “faster responses.” Compared to o1-mini, o3-mini responds 24% faster, the startup said. External testers also preferred 03-mini’s responses 56% of the time compared to 01-mini, and found 39% fewer mistakes on real-world questions. Compared to o1, o3-mini outperformed the model in coding and other reasoning tasks with less latency and at a lower cost.

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