Reasoning Model / Test-Time Compute
A model trained to "think" before answering, spending additional computation at inference time on internal reasoning steps. Scaling this test-time compute, rather than only model size, drove much of the capability gain from 2024 onward and explains why hard problems cost more per query than easy ones.
Want the full picture? This term comes from GenAI for Business, a complete free book on generative AI strategy and implementation by Prof. Shubin Yu (HEC Paris).