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In a significant leap for artificial intelligence, OpenAI has unveiled its highly anticipated advanced reasoning model, known by its internal name 'Strawberry.' The new model, officially named OpenAI o1, is designed to tackle complex math, science, and coding problems, enhancing AI's ability to perform tasks requiring human-like reasoning. The o1 model represents a new class of AI models built to spend more time computing responses to user queries, allowing it to handle multi-step problems more effectively. According to OpenAI, the model has the capability to refine its thought process, try different strategies, and recognize mistakes—a process touted as 'thinking' much like a human. A preview of the OpenAI o1 model is now accessible via the popular ChatGPT platform for paid Plus and Team users, with broader access planned for ChatGPT Enterprise and Edu users next week. The model also comes in a smaller, economically efficient version called OpenAI o1-mini, beneficial for developers requiring assistance with coding tasks. The release of OpenAI o1 is strategically important, as it arrives amid a competitive landscape where frontrunners like Anthropic and Google are also advancing their AI systems with enhanced reasoning skills. The o1 model’s ability to address complex reasoning tasks marks a significant advancement in AI capabilities, positioning OpenAI to maintain its competitive edge. OpenAI has taken steps to ensure safety and alignment in the o1 model's reasoning abilities. The model incorporates new safety training measures and has demonstrated improved performance on challenging security tests, surpassing previous models like GPT-4. However, as an early iteration, it lacks some features available in existing models, such as web browsing and file handling. In demonstration examples, OpenAI showcased the model’s responses to various topics, including solving intricate English, math, and coding problems, along with a simple crossword puzzle. These examples underscore the practical applications and improved performance level of the o1 model. While the model is already showing promise, its release in a preview phase allows OpenAI to gather user feedback and refine its capabilities further. The timing of this launch coincides with OpenAI's ongoing discussions to secure substantial funding and manage heightened competition in the AI sector. Notably, the company is in talks to raise $6.5 billion at a valuation of $150 billion and potentially secure an additional $5 billion in debt. OpenAI's introduction of the o1 model signifies a critical development in the pursuit of more sophisticated AI systems capable of human-like reasoning. As the technology evolves, the implications for industries that depend on advanced AI solutions are profound, laying the groundwork for more innovative applications and enhanced problem-solving capabilities. Micron Technology Inc.'s stock took a hit following a downgrade by BNP Paribas Exane, which cautioned that the company's shares would underperform due to an oversupply issue in the memory chip market. Analyst Karl Ackerman downgraded Micron's stock to 'underperform' from 'outperform,' and slashed the price target to $67, significantly lower than the previous target of $140. This stands in stark contrast to the majority of analysts who still hold a 'buy' rating, with an average price target of $156. This warning could have implications for companies relying on Micron's memory chips for their AI developments. Key executives from OpenAI and Nvidia, including OpenAI's CEO Sam Altman and Nvidia's CEO Jensen Huang, met with senior officials of the Biden administration to discuss