OpenAI has just released o3-mini, a new reasoning model which offers the same kind of performance as its earlier o1 model, but at a fraction of the cost. The new product has garnered praise for its efficiency and speed, and has launched near the top of the benchmark tables across the world.
Reasoning models are all the rage at the moment, and justifiably so. These AI products take their time to evaluate their responses, rather than spitting out the first answer they come up with.
