OpenAI's "o3 mini" reasoning AI model has been completed and will be released within weeks.

ChatGPT manufacturer OpenAI's CEO Sam Altman announced on Friday that the company had completed a version of its new reasoning AI model o3mini and planned to officially launch it in the coming weeks. Altman wrote on the social media platform X that the Microsoft-backed company had considered user feedback and planned to release both the API and ChatGPT at the same time. Last December, OpenAI said it was testing reasoning AI models o3 and o3mini, indicating a growing competition with rivals such as Alphabet's Google (GOOGL.US) in creating smarter models capable of solving complex problems. The AI startup planned to launch o3mini at the end of January, followed by the full o3 model, which would surpass existing models with a more powerful large language model and attract new investments and users. In September 2024, the pioneer of generative AI released the o1 AI model, which was designed to spend more time processing queries to solve more difficult problems. The company said in a blog post that the o1 model could reason through complex tasks and solve more challenging problems in science, coding, and math than previous models. The company previously said that the new o3 and o3mini models would be more powerful than the o1 model it had launched earlier. Earlier this week, OpenAI said it would launch a testing feature called "ChatGPT Tasks," marking the company's entry into the virtual assistant space and competing with Apple's Siri and Amazon's Alexa. ChatGPT, which was released at the end of 2022, sparked a frenzy of investment in AI companies, and its growing popularity and new product releases helped OpenAI complete a $6.6 billion funding round in October last year.