OpenAI launches GPT-5 family: GPT-5, GPT-5 Mini, GPT-5 Nano
OpenAI released the GPT-5 family on August 7, 2025, featuring three sizes: GPT-5 ($1.25/$10), GPT-5 Mini ($0.25/$2), and GPT-5 Nano ($0.05/$0.40). All three share 400K context, 128K max output, and support reasoning_effort, verbosity control, tool calling, structured output, and vision. The launch also introduced custom_tools with grammar constraints, a minimal reasoning effort setting, and improved tool intelligence for agentic workflows.