
OpenAI launches o3-pro model for ChatGPT Pro and Teams users
OpenAI
has introduced
o3-pro
, an
AI model
that the company says outperforms its previous reasoning model, o3, which was launched in April.
In a post on X, OpenAI said, 'In expert evaluations, reviewers consistently prefer OpenAI o3-pro over o3, highlighting its improved performance in key domains—including science, education, programming, data analysis, and writing.'
— OpenAI (@OpenAI)
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Petaling Jaya: Unsold Furniture Liquidation 2024 (Prices May Surprise You)
Unsold Furniture | Search Ads
Learn More
Undo
'Reviewers also rated o3-pro consistently higher for clarity, comprehensiveness, instruction-following, and accuracy,' the company added.
Starting Wednesday, o3-pro will be available to
ChatGPT Pro
and Team users, replacing the o1-pro model. Enterprise and
Education users
will gain access the following week. The model is also live on OpenAI's developer
API
.
Live Events
The new model can search the web, analyse files, interpret visual inputs, run Python, personalise responses using memory, and much more.
Discover the stories of your interest
Blockchain
5 Stories
Cyber-safety
7 Stories
Fintech
9 Stories
E-comm
9 Stories
ML
8 Stories
Edtech
6 Stories
On assessing o3's key strengths, the company said, 'We once again use our rigorous "4/4 reliability" evaluation, where a model is considered successful only if it correctly answers a question in all four attempts, not just one.'
However, there are currently some limitations with o3-pro:
It does not support image generation or Canvas.
Responses from o3-pro generally take longer compared to o1-pro.
The temporary chats option in the model is currently disabled as OpenAI is working to fix a 'technical issue'.
According to TechCrunch, OpenAI's AI-powered workspace feature isn't supported by o3-pro yet.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
27 minutes ago
- Time of India
Chime IPO raises $864 million in long-awaited Nasdaq debut, cuts valuation nearly in half—here's what it means for fintech's big revival
Chime IPO debut raises $864 million, shares pop as fintech market warms up- After years of anticipation, the Chime IPO has finally made its debut on the Nasdaq, raising $864 million and grabbing strong investor attention. The digital banking startup priced its shares at $27, slightly above its marketed range of $24 to $26, signaling rising optimism in the fintech IPO market. Chime is now trading under the ticker symbol CHYM, and early indications suggest a strong opening around $42 per share, representing a 56% jump from its IPO price. This listing not only marks a major milestone for Chime but also signals a possible revival of tech listings in 2025. The IPO values the company at about $11.6 billion fully diluted, a steep drop from its $25 billion private valuation in 2021, but still a major win in today's cautious IPO landscape. Why did Chime slash its valuation from $25 billion to $11.6 billion? During the peak of the pandemic tech boom, Chime was one of the most valuable fintech startups in the U.S., boasting a $25 billion valuation in 2021. But the market has changed drastically. Rising interest rates, investor focus on profitability, and tighter financial conditions have all led to a valuation reset for many tech companies. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 2 Insane Cards Now Charging 0% Intro APR Until Nearly 2027 CompareCredit Undo Despite the markdown, Chime's fundamentals appear strong. According to Reuters, the offering still attracted robust demand. The company's 2024 revenue grew by over 30%, and it even posted a rare profit in Q1 2025. Though it closed 2024 with a net loss of $25 million, Chime has shown that it's moving toward a more sustainable, profitable future—a factor that likely helped draw in big investors. What is Chime's business model and how does it make money? Chime is a neobank, meaning it offers banking services online without physical branches. As of March 31, 2025, it had around 8.6 million active users, many of whom are everyday Americans looking for simple, low-cost banking solutions. Its standout features include: Live Events MyPay for early access to direct deposits SpotMe, which allows limited overdraft coverage No-fee checking and savings accounts Chime's primary source of income is interchange fees—a small percentage earned from each debit card transaction. Every swipe adds up, and with millions of users making daily purchases, this model generates substantial recurring revenue. This approach aligns well with cost-conscious consumers, particularly low-to-middle income users, who prefer fee-free and flexible banking. How has Chime performed financially in recent quarters? Chime's financials show signs of consistent growth. In 2024, the company's total revenue increased by more than 30%. While it posted a $25 million net loss for the year, its Q1 2025 profit stood out and was widely noted in media coverage, including Barron's. This kind of performance is rare for fintechs and indicates that Chime is transitioning from growth-at-all-costs to measured, sustainable expansion. This shift in strategy is critical, especially at a time when investors are rewarding companies with clearer paths to profitability. Chime seems to be aligning well with this expectation. Who are Chime's major backers and IPO underwriters? The Chime IPO attracted some of the biggest names in the financial world. Its major backers include DST Global, General Atlantic, and ICONIQ Capital—firms known for backing successful tech unicorns. The IPO was managed by leading investment banks such as Morgan Stanley, Goldman Sachs, and JPMorgan Chase. Their involvement adds further credibility and investor confidence to Chime's debut. According to Bloomberg, this lineup of high-profile backers and underwriters reflects the significant interest in Chime, despite the broader market's caution toward tech stocks. What does the Chime IPO mean for the broader fintech market? The successful Chime IPO could spark momentum for other fintech unicorns like Klarna, Gemini, Medline, and Cerebras Systems, which are all eyeing the public market. In recent months, we've seen a few fintechs like Circle and eToro make progress toward IPOs. If Chime's stock continues to perform well, it could reopen the door for many more tech listings in 2025. Analysts view Chime as a potential bellwether for fintech IPOs. Its strong debut may help rebuild investor confidence in startups that have stable user growth, revenue streams, and profitability in sight. Still, there are macroeconomic risks to watch—such as shifts in trade policy, inflation trends, and interest rate moves—that could impact IPO valuations going forward, as reported by Is this a turning point for fintech IPOs? Chime's IPO debut is more than a big raise—it's a signal that the market may be ready to welcome fintechs back after a long pause. While the drop in valuation compared to 2021 is notable, it reflects a broader market correction. What matters now is that Chime is showing financial discipline, solid revenue growth, and a growing base of loyal users. FAQs: Q1: What was Chime IPO price and valuation in 2025? Chime IPO priced at $27 per share, valuing it at $11.6 billion. Q2: How does Chime make money as a neobank? Chime earns mainly from interchange fees on debit card transactions.


Time of India
29 minutes ago
- Time of India
Oswal Pumps raises Rs 416 crore from anchor investors ahead of IPO
Oswal Pumps has raised Rs 416.20 crore from anchor investors, marking a strong start ahead of its initial public offering (IPO) which opens for public subscription on Friday. The company informed the exchanges that it allotted 67,78,533 equity shares at Rs 614 per share to anchor investors on Thursday. The anchor book saw participation from a mix of global and domestic institutional investors. Notable names include Societe Generale, BNP Paribas , Smallcap World Fund Inc, ICICI Prudential , Aditya Birla Sun Life, Kotak Mahindra Mutual Fund, Quant Mutual Fund, Amundi Funds, 360 One, Motilal Oswal Mutual Fund, Bandhan Small Cap Fund, Edelweiss Mutual Fund, Troo Capital, Nuvama Mutual Fund, Sundaram Mutual Fund, Edelweiss Life Insurance, and Mahindra Manulife. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If You Eat Ginger Everyday for 1 Month This is What Happens Tips and Tricks Undo Of the total anchor allotment, 29.62 lakh equity shares — around 43.7% of the anchor book — were allocated to 11 domestic mutual funds across 15 schemes, reflecting healthy domestic interest. Oswal Pumps' IPO, scheduled to run from June 13 to June 17, comprises a fresh issue of shares worth Rs 890 crore and an offer for sale of 81 lakh equity shares by promoter Vivek Gupta. At the upper end of the price band — Rs 584 to Rs 614 per share — the issue size is expected to fetch Rs 1,387.34 crore. Investors can place bids in lots of 24 equity shares and in multiples thereafter. The IPO is being made via the book-building process with up to 50% reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs), and 35% for retail investors. Live Events IIFL Capital, Axis Capital , CLSA India, JM Financial , and Nuvama Wealth Management are the book-running lead managers to the issue, while MUFG Intime India is the registrar.


Economic Times
39 minutes ago
- Economic Times
OpenAI in talks to raise fresh funds from Saudi Arabia's PIF, India's Reliance Industries: The Information
OpenAI has held discussions with Saudi Arabia's Public Investment Fund (PIF), Reliance Industries, and UAE's MGX to participate in its ongoing $40 billion fundraising, US tech publication The Information reported. ADVERTISEMENT The talks are part of the second instalment of the fundraise, where OpenAI is looking to raise about $30 billion by December, potentially valuing the company at around $260 billion before the new investment, the report said. Japan's SoftBank, which is leading the round, has already been actively buying shares from employees. Between March and May, it purchased around $240 million worth of shares from a small group of current and former staffers, the report said. Last year, ahead of its mega round, SoftBank had also acquired about $2 billion worth of new and existing shares. SoftBank is expected to contribute at least three-fourths of the $30 billion instalment, leaving about $7.5 billion to be raised from new investors, according to the report. The Japanese conglomerate may take loans or sell some of its public market holdings, including its shares in Arm Holdings, to fund the investment, the report has also discussed raising at least $100 million each from Coatue Management and Founders Fund as part of the ongoing fundraise, the report said, while talks with PIF and other prospective investors are still at an early stage.A direct investment by Saudi Arabia's PIF, which manages over $900 billion in assets, would mark a shift from its earlier exposure to US tech firms through venture funds like Andreessen Horowitz and Iconiq Capital, The Information noted. ADVERTISEMENT CEO Sam Altman had earlier met with Saudi Crown Prince Mohammed bin Salman during a visit to Riyadh, which coincided with the kingdom's latest AI investment push, the report in India, OpenAI is exploring a product and sales partnership with Reliance, whose portfolio includes Jio, India's largest wireless carrier, and the world's biggest oil refinery. OpenAI wants Reliance businesses to distribute or sell its AI offerings in India, which is now its second-largest user market, Altman said in February, the report said. ADVERTISEMENT The scale of its capital needs is also rising sharply as ChatGPT's weekly active users exceed 500 million, up from 300 million in December. Between 2025 and 2027, OpenAI expects to spend about $35 billion on servers to support existing products, and another $55 billion on developing new models, the report of the round hinges on a pending corporate restructuring of its for-profit entity. While an earlier plan to convert it into a public benefit corporation was dropped, a revised restructuring still needs to be finalised by year-end. Failure to do so could see SoftBank cut its commitment and scale back the round to $20 billion, the report said. ADVERTISEMENT Separately, OpenAI, SoftBank, MGX and Oracle have partnered on Stargate, a $500 billion initiative to build global AI data centres, according to The Information.