June 10, 2025 11:08 AM Credit: VentureBeat made with ChatGPT Join the event trusted by enterprise leaders for nearly two decades. VB Transform brings together the people building real enterprise AI strategy. Learn more 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. (Recall tokens are the individual numeric strings that LLMs use to represent words, p...