OpenAl saved its biggest announcement for the last day of its 12-day "shipmas" event. On Friday, the company unveiled o3, the successor to the o1 "reasoning" model it released earlier in the year. o3 is a model family, to be more precise as was the case with o1. There's o3 and o3-mini, a smaller, distilled model fine-tuned for particular tasks. OpenAl makes the remarkable claim that o3, at least in certain conditions, approaches AGI - with significant caveats. More on that below.