April 2025

OpenAI’s o3 Reasoning Models Are Extremely Expensive to Run

OpenAI logo, a white circle with rings, pictured against grey background” width=”970″ height=”647″ data-caption=’OpenAI’s o3 model emphasizes high level reasoning. <span class=”lazyload media-credit”>Photo by Dima Solomin on Unsplash</span>’> Measuring the intelligence of artificial intelligence is, ironically, a pretty difficult task. That’s why the tech industry has come up with benchmarks like ARC-AGI, which tests the […]

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Opinion: Asking the NYC Mayoral Candidates for a Real Discussion on Family Homelessness

“Some families live in the shelter system that is meant to be temporary for years. We need concrete responses and leadership, not just campaign slogans, regarding candidates’ plans to address these issues.” A family outside the city’s former shelter for immigrants at Floyd Bennett Field in 2023. Photo by Adi Talwar. In New York, there

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Will the Tariff Fiasco Screw Up Trump’s ‘Big, Beautiful Bill’?

Photo: Andrew Harnik/Getty Images To those of us who have been closely watching the slow unfolding of Donald Trump’s legislative agenda in Congress, it all looks like a giant Jenga tower: imposing but very fragile. Partly because of his party’s narrow margins of control (particularly in the House) and partly because of the “one big,

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Bill Gates Celebrates Microsoft’s 50th Anniversary With Its Original Source Code

Microsoft might not exist today if it weren’t for the January 1975 issue of Popular Electronics. Featuring the computer kit Altair 8800 on its front page, the tech hobbyist magazine fell into the hands of Bill Gates and the late Paul Allen, two childhood friends that were quickly inspired to create a software program for

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Upper East Side co-op seeks record-territory sale price amid market turmoil

The stock market may be tanking, but on the Upper East Side, a neighborhood with deep ties to Wall Street, a seller is betting there’s still a taker for a pricey co-op. Russell Wiese, a marketing executive with money management firm Davis Selected Advisers, and his wife, Megan, a former teacher who works with educational

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Deals of the Day: April 4

Leases Insurance group inks deal near Grand Central Address: 360 Lexington Ave., ManhattanLandlord: AmTrust RETenant: Signers NationalLease size: 15,000 square feetAsset type: Mixed use Sales Maspeth home of fan and pump supplier Babco sells  Address: 60-10 Maurice Ave., QueensSeller: Steven BarshovBuyer: Dan Min WangSale price: $7 millionAsset type: Industrial Maguire Capital unloads former funeral home

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Trump on Tariffs: Relax, I’m ‘Purposely Crashing the Market’

Photo: Andrew Harnik/Getty Images After President Trump announced sweeping tariffs this week, the financial markets saw their steepest one-day declines since 2020, Americans started panic buying everything from TVs to soy sauce, and financial analysts warned that we’re facing “economic Armageddon.” Like many people, I was feeling pretty jittery about the collapse of the post–World

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Affordable housing group acquires former Orthodox Jewish funeral home for about $12M

Affordable housing developer Camber Property Group has acquired the site of an Orthodox Jewish chapel in Borough Park for just over $12 million, records show, likely planning to redevelop the property into residential units. The Kips Bay-based builder, whose portfolio includes mixed-income housing, scooped up 4218 Ft. Hamilton Parkway for $12.2 million, according to a

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