They’ve only released o3-mini, which is a powerful model but not the full o3 that is being claimed as too expensive to release. That being said, DeepSeek for sure forced their hand to release o3-mini to the public.
I guess the question is, did DeepSeek force them to rethink pricing? It's crazy how much cheaper it (v3 and R1) is, but considering they (Deepseek) can't keep up with demand, the price is kind of moot right now. I really do hope they get the hardware to support the API again. The v3 and R1 models that are hosted by others are still cheap compared to the incumbents, but nothing can compete with DeepSeek on price and performance.