I just tried OpenAI’s updated o1 model. This technology will BREAK Wall Street
Published in
6 min readDec 22, 2024
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When I first tried the o1-preview model, released in mid-September, I was not impressed. Unlike traditional large language models, the o1 family of models do not respond instantly. They “think” about the question and possible solutions, and this process takes forever.
Combined with the extraordinarily high cost of using the model and the lack of basic features (like function-calling), I seldom used the model, even though I’ve shown how to use it to create a market-beating trading strategy.
However, OpenAI just released the newest o1 model. Unlike its predecessor (o1-preview), this new reasoning model has the following upgrades:
- Better accuracy with less reasoning tokens: this new model is smarter and faster, operating at a PhD level of intelligence.
- Vision: Unlike the blind o1-preview model, the new o1 model can actually see with the vision API
- Function-calling: Most importantly, the new model supports function-calling, allowing us to generate syntactically-valid JSON objects in the API
