OpenAI CEO Sam Altman said that the company wants to simplify its AI models offering after launching no less than eight new models since last year.

Its announcement comes at a time when companies in the U.S. are facing greater investor scrutiny over their massive spending on the technology.

US companies face greater investor scrutiny over their massive spending after Chinese start-up DeepSeek unveiled a low-cost AI model OpenAI would not release "o3" as a stand-alone artificial intelligence (AI) model,