PANews reported on February 1 that according to Jinshi, OpenAI has launched a new lightweight artificial intelligence model, which is said to be able to perform human-like reasoning and improve efficiency. The product will be closely watched after China's DeepSeek released an open source model. The model released on Friday is called "o3-mini" and can be used for free. OpenAI first announced plans for o3-mini in December last year, while revealing the more powerful o3. Both models are designed to answer complex questions related to topics such as programming, mathematics and science. The timing of the launch was also expected. OpenAI said last year that it would release o3-mini at the end of January and o3 shortly thereafter. However, the industry marveled at the progress made by DeepSeek, and the key is the lower cost, which has sparked heated discussions. OpenAI is currently seeking to raise $40 billion at a valuation of $300 billion.