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- OpenAI to launch GPT-5 with o3 integration, merging releases
OpenAI to launch GPT-5 with o3 integration, merging releases

Top stories today:
- OpenAI to skip o3 launch, instead have GPT-5 with o3 integration
- Grok-3 “outperforming anything that's been released”
- CPI, core CPI exceed expectations; Powell says more work remains
- House GOP plan proposes $4.5T tax cuts, only $1.5T in spending cuts
- Robinhood Q4 revenue +115% YoY to $1B, net income 31x to $916M
- Apple TV app launches on Android
0. Data and calendar

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Listen to our AI-generated podcast summarizing today’s newsletter (beware of hallucinations):
1. OpenAI to skip o3 launch, instead have GPT-5 with o3 integration

“Unify o-series models and GPT-series models” is OpenAI’s top goal, Sam Altman said on X.
o3, originally planned for this year, will no longer come as a standalone model.
Free ChatGPT users will get unlimited access to GPT-5 with “standard intelligence”.
“Higher level of intelligence” on GPT-5 for ChatGPT Plus subscribers and “even higher level of intelligence” for Pro users.
GPT-4.5 (Orion) will ship in weeks, GPT-5 in months.
o1 and o3-mini reasoning models have been updated with file and image upload support via ChatGPT
OpenAI’s Model Spec guidelines have also been expanded to emphasize more on “customizability, transparency, and intellectual freedom.”
Changes come as OpenAI faces rising competition, including from DeepSeek and Alibaba.
Additionally, OpenAI has planned to offer 10 Deep Research queries/month on ChatGPT Plus and 2 for free users.
Workers scored employers that allow early stock sales higher for five key employer brand metrics.
Workers at liquidity-blocking companies more commonly report looking elsewhere for work than planning to stay.
Permissive company workers rate the relative value of their equity grant at 3.73/5, compared to 2.35/5 for non-permissive workers.
*Sponsored.
3. Grok-3 “outperforming anything that's been released,” set to launch in 1-2 weeks
“Trained with the most amount of compute,” Elon Musk said, adding, “a lot of synthetic data.”
OpenAI “was meant to be open-source, non-profit,” but now, it’s “closed for maximum profit,” he said.
4. CPI, core CPI exceed expectations; Powell says more work remains
