The o3-mini model, launched by OpenAI, is designed to provide robust reasoning capabilities with low latency and reduced costs. It excels in STEM fields, including mathematical problem-solving, scientific inquiries, and coding challenges. The model offers three levels of reasoning effort—low, medium, and high—to balance speed and thoroughness.

o3-mini introduces significant improvements over its predecessor, o1-mini, with enhanced speed and reasoning capabilities. It supports program synthesis, optimized problem-solving, and real-time responsiveness, making it ideal for applications in software development, research, and education. The pricing for o3-mini is part of OpenAI’s cost-reduction efforts, with a significant decrease in per-token pricing, the cost has been reduced by 95% since the launch of GPT-4.