OpenAI testing new AI models o3 and o3 mini amid competition

Investing.com -- OpenAI, the artificial intelligence firm, announced on Friday that it is currently testing its new reasoning AI models, named o3 and o3 mini. This development signals an intensifying competition in the AI industry, with rivals like Google also striving to develop more advanced models capable of handling complex problems.

CEO Sam Altman shared the company's plan to launch the o3 mini model by the end of January, followed by the full o3 model. These larger, more robust language models are expected to outperform existing models, potentially attracting new investments and users.

The company's previous o1 models have demonstrated the ability to reason through complex tasks and solve more challenging problems in areas such as science, coding, and math, according to a blog post by OpenAI. The upcoming o3 and o3 mini models, currently undergoing internal safety testing, are expected to be more powerful than the o1 models.

In an effort to engage external researchers in the testing process, OpenAI is initiating an application process for those interested in testing the o3 models before their public release. The application process will close on January 10.

OpenAI has been a key player in the AI industry since it launched ChatGPT in November 2022, triggering what could be seen as an AI arms race. The company's growing popularity and consistent product launches have been successful in attracting significant funding, closing a $6.6 billion funding round in October.

Meanwhile, Alphabet (NASDAQ:GOOGL )'s Google, another major competitor in the AI space, released the second generation of its AI model, Gemini, earlier in December, as part of its efforts to regain the lead in the AI technology race.

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Source: Investing.com