OpenAI o3 - Thinking Fast and Slow
SMRTR summary
OpenAI's new o3 model shows major improvements in reasoning ability, scoring 88% on the ARC-AGI-1 benchmark compared to o1's 32%. However, o3 is extremely expensive to run, with estimated costs of $1.5 million for top performance, potentially signaling a trend towards combining "fast" and "slow" thinking AI models in future developments.
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