DeepSeek is a Chinese artificial intelligence provider that develops open-source LLMs. R1, the latest addition to the company’s model lineup, debuted last week. The release of the LLM caused a broad selloff in AI stocks that sent Nvidia Corp.’s shares plummeting 17% on Monday, along with many other technology stocks.

OpenAI released its newest reasoning model, called o3-mini, on Friday. OpenAI says the model delivers more intelligence than OpenAI’s first small reasoning model, o1-mini, while maintaining o1-mini’s low price and speed. The company says o3-mini excels in science, math, and coding problems.

OpenAI reportedly claimed that it had seen evidence of distillation of its AI models, which it suspected to be from DeepSeek.

OpenAI just released o3-mini, a reasoning model that’s faster, cheaper, and more accurate than its predecessor.

OpenAI is launching the o3-Mini reasoning model for all users after its preview at the December ship-mas event. This model excels in tasks like math and coding, offers up-to-date answers, but lacks vision capabilities.

OpenAI's new release coincides with industry wide panic triggered by the disruption caused by the release of DeepSeek, an AI chatbot from a Chinese company.

Following a surge in popularity for Chinese AI app Deepseek and its free reasoning model this week, frequent OpenAI collaborator Microsoft is helping America’s AI leader drop the paywall on its own reasoning model,