OpenAI’s ‘cost-effective’ new AI model is here as pressure from DeepSeek heats up

• OpenAI introduced o3-mini, a cost-efficient reasoning AI model, on Friday.
• The release comes as DeepSeek’s R1 model shakes up the tech industry.
• OpenAI said the o3-mini excels in science, math, and coding.

OpenAI’s first small reasoning model is here just weeks after a Chinese AI startup emerged as a potential competitor to its artificial intelligence lineup.

The ChatGPT maker launched OpenAI o3-mini, its “most cost-efficient model” in its reasoning series,…