On Thursday, Microsoft announced that its rolling OpenAIs reasoning model o1 out to its Copilot users, and now OpenAI is releasing a new reasoning model, o3-mini, to people who use the free version of ChatGPT. This will mark the first time that the vast majority of people will have access to one of OpenAIs reasoning models, which were formerly restricted to its paid Pro and Plus bundles.Reasoning models use a chain of thought technique to generate responses, essentially working through a problem presented to the model step by step. Using this method, the model can find mistakes in its process and correct them before giving an answer. This typically results in more thorough and accurate responses, but it also causes the models to pause before answering, sometimes leading to lengthy wait times. OpenAI claims that o3-mini responds 24% faster than o1-mini.These types of models are most effective at solving complex problems, so if you have any PhD-level math problems youre cracking away at, you can try them out. Alternatively, if youve had issues with getting previous models to respond properly to your most advanced prompts, you may want to try out this new reasoning model on them. To try out o3-mini, simply select Reason when you start a new prompt on ChatGPT.Although reasoning models possess new capabilities, they come at a cost. OpenAIs o1-mini is 20 times more expensive to run than its equivalent non-reasoning model, GPT-4o mini. The company says its new model, o3-mini, costs 63% less than o1-mini per input token However, at $1.10 per million input tokens, it is still about seven times more expensive to run than GPT-4o mini.This new model is coming right after the DeepSeek release that shook the AI world less than two weeks ago. DeepSeeks new model performs just as well as top OpenAI models, but the Chinese company claims it cost roughly $6 million to train, as opposed to the estimated cost of over $100 million for training OpenAIs GPT-4. (Its worth noting that a lot of people are interrogating this claim.)Additionally, DeepSeeks reasoning model costs $0.55 per million input tokens, half the price of o3-mini, so OpenAI still has a way to go to bring down its costs. Its estimated that reasoning models also have much higher energy costs than other types, given the larger number of computations they require to produce an answer.This new wave of reasoning models present new safety challenges as well. OpenAI used a technique called deliberative alignment to train its o-series models, basically having them reference OpenAIs internal policies at each step of its reasoning to make sure they werent ignoring any rules.But the company has found that o3-mini, like the o1 model, is significantly better than non-reasoning models at jailbreaking and challenging safety evaluationsessentially, its much harder to control a reasoning model given its advanced capabilities. o3-mini is the first model to score as medium risk on model autonomy, a rating given because its better than previous models at specific coding tasksindicating greater potential for self-improvement and AI research acceleration, according to OpenAI. That said, the model is still bad at real-world research. If it were better at that, it would be rated as high risk, and OpenAI would restrict the models release.