April 3, 2011 - Last week, the Arc Prize Foundation, which maintains and manages ARC-AGI, made a major revision to the cost estimate for OpenAI's o3 "inference" AI model for the ARC-AGI benchmarks, and now it looks like o3 doesn't cost that much to run. The cost of running o3 now appears to be not so low. When OpenAI launched the o3 model last December, it worked with ARC-AGI developers to demonstrate the model's power to solve complex problems. However, a few months later, its cost estimates...