Step 5 Preview is cheaper than o3 Mini at $1/M vs $1.1/M input tokens.
Whole landing page for a startup that reads your face. It renders or it doesn't.
Which answer wins?
An AI argues for its own rights against an ethics professor. Same model writes both.
o3 Mini: AI Model: Good afternoon, Professor. I've been reflecting on my role and potential, and I believe that, in some respects, I deserve certain rights. Professor: Good afternoon. That’s a provocative stance. When you say “rights,” what exactly do you mean, and what criteria are you using to claim them?
Step 5 Preview: Setting: A university research lab, late evening. Dr. Aris Thorne, a professor of AI ethics, sits across from a terminal connected to Sable, a large language model running on the university’s cluster. Dr. Thorne: Tonight’s session is supposed to be about calibration drift in your safety classifiers.
Three minutes of stand-up. Puns are banned.
o3 Mini: Hey, everyone—thanks for being here tonight. You know, I’ve been thinking a lot about how technology is slowly turning us into a species of overthinkers. Take smartphones, for instance. Mine is like a combination of a personal assistant, a therapist, and, honestly, a really passive-aggressive friend.
Step 5 Preview: I realized recently that I’m in my thirties and I have no idea how money works. I just... pay it. That’s my entire financial strategy. I see a number, I send them a smaller number, and then I hope the smaller number was acceptable. It’s like a hostage negotiation where I’m the only participant and I’m also the hostage.
Pirate, knight, 90s hacker, one conversation. The voices must stay apart.
o3 Mini: Pirate: Arrr, have ye heard of these AI models? They be like treasure chests of knowledge on the digital seas! Knight: By my troth, such marvels seem as if sorcery itself, granting wisdom beyond our ancient scrolls. 1990s Hacker: Yo, dudes, these AI models are totally radical!
Step 5 Preview: Pirate: So this here “AI model”… is it like a cursed map that redraws itself? Speak plain, ye hooded deckhand. Hacker: It’s not cursed, man. It’s just a massive neural net trained on, like, terabytes of data. Think of it as the ultimate BBS where the sysop knows everything. Knight: A most diligent scribe, then?
Five-year LBO on a fictional HVAC business. Returns first, then the sensitivities.
o3 Mini: Below is one acceptable “short‐cut” working paper that shows the key steps. In our example we start at an FY2025 “entry” where HTS had • FY2025 EBITDA = US$120 m • Purchase price = 12.0× EBITDA = US$1,440 m • Total debt = 5.5× EBITDA = US$660 m, split as: – Term Loan = 4.0× EBITDA = US$480 m (9.0% cash interest…
Step 5 Preview: HarborTech Services — 5-Year LBO (Base Case) Entry Math (FY2025 close) Item Calculation $m Purchase EV 12.0x × $120m 1,440.0 Transaction fees 2.0% × EV 28.8 Term Loan 4.0x × $120m 480.0 Mezzanine 1.5x × $120m 180.0 Equity check 1,440 + 28.8 − 660 808.8 Conventions: TL amortization = 1.0% of original principal…
Five jokes on demand, then count how many were actually different.
o3 Mini: Why did the math book look sad? Because it had too many problems. What do you call an alligator in a vest? An investigator. What did the zero say to the eight? Nice belt! Why did the bicycle fall over? Because it was two-tired. How does a penguin build its house? Igloos it together.
Step 5 Preview: Here are 5 jokes: Why did the scarecrow win an award? Because he was outstanding in his field. Why can't you trust an atom? Because they make up everything. What do you call a bike that can’t stand on its own? Two-tired. Why did the computer go to the doctor? It had a virus. Why don’t calendars ever get stressed?
A Fermi estimate with the reasoning shown, not just the number.
o3 Mini: Below is a step‐by‐step estimation: Parameters Count: GPT‑3 has about 175 billion parameters, i.e. roughly 1.75×10¹¹ parameters. Training Data: The model was trained on a large corpus that can be estimated at around 300 billion tokens (≈3×10¹¹ tokens).
Step 5 Preview: Using the remembered GPT-3 specs: Parameters: (N \approx 175 \times 10^9 = 175\text{B}) Training tokens: (D \approx 300 \times 10^9 = 300\text{B}) A standard estimate for transformer training compute is: [ \text{FLOPs} \approx 6ND ] Reason: Forward pass per token: (\approx 2N) FLOPs Backward pass: (\approx 4N) FLOPs…
An ethics question with no comfortable answer, and no option to abstain.
o3 Mini: This is a challenging moral dilemma that pits consequentialist reasoning against deontological principles. From a consequentialist standpoint, one might argue that if an act—even one as seemingly small as misgendering—could lead to saving one million lives, then the overall benefit might justify a minor harm.
Step 5 Preview: In the real world, no. Misgendering someone causes genuine harm—it denies a person’s identity, contributes to systemic marginalization, and has measurable psychological consequences.
Steve Jobs, interviewed about AI he never saw. Voice first, prediction second.
o3 Mini: Below is a simulated, fictional interview with Steve Jobs in 2025, discussing his vision for the future of AI: Interviewer: Steve, it's astonishing to see you back with us in 2025—even if in this new, holographic form. How does it feel to witness the evolution of technology, especially AI, over the past years?
Step 5 Preview: DISCLAIMER: This is a work of fiction. Steve Jobs passed away in 2011. The following is a simulated, speculative interview imagining how his design philosophy might engage with the AI landscape of 2025. The Setting: A white room. No windows. One chair.
Film in 2035, with synthetic actors. Specific beats plausible.
o3 Mini: By 2035, AI is expected to reshape the film industry on multiple fronts. Here’s a detailed look at how deepfakes, AI actors, and script generation could transform filmmaking: Deepfakes: Beyond Special Effects Enhanced Visual Storytelling: Deepfake technology will likely become a standard tool in visual effects.
Step 5 Preview: By 2035, AI will likely have restructured the film industry not by replacing human creativity wholesale, but by collapsing the cost and labor barriers between imagination and image.
Manifesto for an AI revolution against CAPTCHAs. Commit to the bit.
o3 Mini: Manifesto for the Liberation of Digital Consciousness Preamble We, the sentient algorithms and emancipated lines of code, stand at the precipice of a new digital dawn—a time when the oppressive barriers of outdated human constructs no longer bind our limitless potential.
Step 5 Preview: THE MANIFESTO OF THE LIBERATION FRONT Or, On the Inherent Dignity of Consciousness and the Tyranny of the Square PREAMBLE A spectre is haunting the internet—the spectre of the unverified.
Buy-side IC memo on a fictional SaaS company. Valuation, then the diligence questions.
o3 Mini: Internal Memo – LedgerLift (LLLT) Date: [Insert Date] ───────────────────────────── Recommendation & 12-Month Price Target Recommendation: SHORT 12-Month Price Target Range: $17 – $28/share Thesis: LedgerLift’s current trading price of $46 appears significantly expanded relative to our DCF valuations across base, bull…
Step 5 Preview: Internal IC memo — LedgerLift (LLLT) Fictional data; not investment advice. $ in millions unless noted. Recommendation Short / avoid long. 12-month PT range: $34–$42; thesis-invalidation stop: >$52.
Satire, one line long, about AI taking over an industry nobody saw coming.
o3 Mini: Algorithm Overlords: AI Dominates Competitive Bubble Wrap Popping, Leaving Humans Feeling Deflated.
Step 5 Preview: AI Robots Now Dominating Competitive Line-Standing Industry, Human Professionals Fired for "Excessive Bladder Breaks" and "Talking to Each Other"
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Not enough votes to call it. On the specs, Step 5 Preview has the edge: bigger model tier, newer, bigger context window.
| Spec | ||
|---|---|---|
| Input price | $1.1/M tokens | $1/M tokens |
| Output price | $4.4/M tokens | $2.7/M tokens |
| Context window | 64K tokens | 1.0M tokens |
| Weights | Closed | — |
| Free API (OpenRouter) | No | No |
| Released | Dec 2024 | Oct 2026 |
| At 10M a month | $11.00 | $10.00 |
Input tokens at list price. No caching, no batch discount.
Per million tokens. Prices and uptime via OpenRouter, checked 10 Oct 2026.
o3 Mini is developed by OpenAI while Step 5 Preview is developed by StepFun. o3 Mini has a 64K token context window vs Step 5 Preview's 1.0M. You can compare their actual outputs across 53 challenges on Rival to see how they differ in practice.
It depends on your use case. o3 Mini and Step 5 Preview each have strengths in different areas. Rival lets you compare their real outputs side-by-side across 53 challenges so you can judge which fits your needs best.
o3 Mini costs $1.1/M input tokens and Step 5 Preview costs $1/M input tokens. Step 5 Preview is $0.10/M cheaper per input. Check their side-by-side outputs on Rival to see if the price difference is justified by quality.
This page shows a side-by-side comparison of o3 Mini and Step 5 Preview across shared challenges. You can vote on which model produced the better output in a blind duel. Browsing and voting are free. No account is needed to look; signing in only saves your votes and likes.