OpenAI cut prices for its o3 reasoning model by 80%, now $2 per million input tokens and $8 per million output tokens. They also introduced o3-pro, a more powerful version costing 87% less than its predecessor, priced at $20 and $80 per million tokens respectively. These models support coding, tool calling, and instruction tasks, making advanced reasoning more affordable and competitive with rivals like Google DeepMind and Anthropic.
OpenAI CEO Sam Altman denied a Reuters report stating that OpenAI is launching a search product before Google's I/O conference. Altman confirmed an OpenAI announcement is scheduled for Monday, but it's not a search engine or GPT-5. He hinted it 'feels like magic.' The launch will include updates on ChatGPT and GPT-4. Reports suggest OpenAI has been trying to recruit Google employees for a team working on a product, with no confirmed launch date.
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