financetom
Business
financetom
/
Business
/
OpenAI launches new developer tools as Chinese AI startups gain ground
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
OpenAI launches new developer tools as Chinese AI startups gain ground
Mar 11, 2025 11:42 AM

March 11 (Reuters) - OpenAI launched new tools for

developers on Tuesday that will help them build advanced AI

agents, using a few application programming interfaces (APIs),

amid growing competition from Chinese AI startups.

AI agents are designed to independently execute complex

real-world tasks without direct human intervention, while API is

a strings of code which enables standardized communication,

data exchange and functionality between software components.

The new tool, called the Responses API, is available to all

developers at no additional cost. It replaces OpenAI's

Assistants API, which is set to be phased out by the second half

of 2026.

The development comes close on the heels of release of

latest AI models by Chinese startups which claim to be on par or

better than industry-leading models in the United States at a

fraction of the cost.

Chinese startup Monica has grabbed attention over the past

few days after its launched its autonomous AI agent Manus, weeks

after DeepSeek was showered with praise by Silicon Valley

executives and U.S. tech company engineers.

Monica, which claims that its Manus AI outperforms OpenAI's

DeepResearch agent, said on Tuesday that it was partnering with

the team behind Alibaba's Qwen AI models.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
NN Doubles Allowable Debt in 2 Credit Facilities
NN Doubles Allowable Debt in 2 Credit Facilities
Sep 2, 2024
12:27 PM EDT, 08/30/2024 (MT Newswires) -- NN (NNBR) said Friday it has negotiated revisions to two of its loan agreements, including the doubling of its allowable debt to $40 million each, incurred in connection with the purchase or lease of fixed assets . The company said in a regulatory filing that it also agreed to not use more than...
CrowdStrike Executive to Testify on July IT Outage Before Congress
CrowdStrike Executive to Testify on July IT Outage Before Congress
Sep 2, 2024
12:39 PM EDT, 08/30/2024 (MT Newswires) -- CrowdStrike Holdings' ( CRWD ) Senior Vice President of Counter Adversary Operations Adam Meyers will testify before the US House Homeland Security Subcommittee on Cybersecurity and Infrastructure Protection on Sept. 24, the panel said Friday. The hearing will look into the company's defective software update that caused an information technology outage worldwide in...
Brazil police name 41 suspects in Americanas fraud investigation
Brazil police name 41 suspects in Americanas fraud investigation
Sep 2, 2024
SAO PAULO, Sept 2 (Reuters) - Brazil's federal police named 41 suspects on Monday in the multibillion-dollar fraud revealed last year that sent retail giant Americanas into bankruptcy protection, according to documents seen by Reuters. As per the documents, suspects who agree to help with the investigation will be offered non-prosecutorial agreements. ...
MediciNova Shares Rise as Post-COVID Drug Due to Receive US Patent
MediciNova Shares Rise as Post-COVID Drug Due to Receive US Patent
Sep 2, 2024
12:29 PM EDT, 08/30/2024 (MT Newswires) -- MediciNova ( MNOV ) rose 7.3% in recent Friday trading after the company announced late Thursday that its drug MN-166 was due to receive a US patent. The US Patent and Trademark Office issued a notice of allowance that would cover the use of MN-166, or ibudilast, in treating a number of post-COVID...
Copyright 2023-2026 - www.financetom.com All Rights Reserved