Good news, AI developers! OpenAI has announced a substantial price cut on o3, its flagship reasoning large language model (LMM), slashing costs by a whopping 80% for both input and output tokens.

For prompts greater than 200,000 tokens (which most of Google’s competitors don’t support), Gemini 2.5 Pro costs $2.50 per million input tokens and $15 per million output tokens.

OpenAI has launched o3-pro, an AI model that the company claims is its most capable yet. O3-pro is a version of OpenAI’s o3, a reasoning model that the startup launched earlier this year.