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In Today’s Issue:
OpenAI launches o3-Pro
Vast Data Eyes $25 Billion Valuation
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OpenAI launches o3-pro
OpenAI has released o3-pro, a more powerful version of its o3 reasoning model, now available to ChatGPT Pro and Team users, with Enterprise and Edu access coming next week. The model, also live in OpenAI’s API, replaces o1-pro and is priced at $20 per million input tokens and $80 per million output tokens. Designed to solve complex problems in fields like math, physics, coding, science, education, and business, o3-pro delivers clearer, more accurate responses than previous models. It supports web browsing, file analysis, Python use, image reasoning, and memory, although responses are slower and temporary chats are currently disabled due to a technical issue. Despite some limitations, o3-pro outperforms Google’s Gemini 2.5 Pro on the AIME 2024 benchmark and surpasses Anthropic’s Claude 4 Opus on GPQA Diamond, according to OpenAI’s internal tests. Expert reviewers consistently rated o3-pro higher than o3 across all tested categories.
Vast Data Eyes $25 Billion Valuation
Vast Data is in talks to raise a new funding round at a potential $25 billion valuation, up sharply from its $9 billion Series E in December 2023, according to sources. The deal isn’t finalized and terms may change, but investor interest is high. The nine-year-old company offers unified data management software and integrates CPU, GPU, and flash storage hardware. Its tierless system supports AI workloads by consolidating all data types, speeding up access and reducing training costs. Clients include Pixar, ServiceNow, xAI, CoreWeave, and Lambda. Vast reported $200 million in ARR during its last round and has grown 2.5x to 3x annually. It’s been cash flow positive for four years. Vast competes with Pure Storage and Weka and is developing a database product to rival Databricks. It has raised $381 million from investors including Fidelity, NEA, BOND Capital, and Drive Capital.
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