One series is the Instant series, which is faster and more tuned to ChatGPT, but less accurate.
The second series is the Thinking series, which is more accurate and more tuned to professional knowledge work, but slower (because it uses more reasoning tokens).
We'd also prefer to have simple experience with just one option, but picking just one would pull back the pareto frontier for some group of people/preferences. So for now we continue to serve two models, with manual control for people who want to choose and an imperfect auto switcher for people who don't want to be bothered. Could change down the road - we'll see.
(I work at OpenAI.)