OpenAI is set to release the next version of its AI model, known as the 'o1' model, which promises significant advancements in mathematical and coding capabilities. According to OpenAI's official video, the company has already started benchmarking and running evaluations on this new model. The 'o1' model is reported to achieve PhD-level intelligence, excelling in complex reasoning and advanced problem-solving. Noam Brown from OpenAI stated that the 'o1' model outperforms GPT-4o in math and coding, and surpasses expert humans at PhD-level questions. Brown also mentioned that the model's performance in math problems improves with more test-time compute, with no signs of this trend stopping over the next year or two. This new model aims to transform scientific problem-solving across various disciplines.