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OpenAI launches new embedding models with price cuts and performance boosts

By PulseAugur Editorial · [5 sources] ·

OpenAI has released new embedding models, text-embedding-3-small and text-embedding-3-large, offering significant improvements in performance and efficiency over previous models like text-embedding-ada-002. These new models are designed to better understand relationships between concepts in text and code, powering applications such as semantic search and retrieval-augmented generation. OpenAI is also reducing prices for GPT-3.5 Turbo and updating its GPT-4 Turbo preview model, while also enhancing API key management and usage transparency for developers. AI

RANK_REASON This is a significant release of new models and API updates from a major AI provider, including performance improvements and price reductions.

Read on Hugging Face Blog →

AI-generated summary · Google Gemini · from 5 sources. How we write summaries →

OpenAI launches new embedding models with price cuts and performance boosts

COVERAGE [5]

  1. OpenAI News TIER_1 English(EN) ·

    New embedding models and API updates

  2. OpenAI News TIER_1 English(EN) ·

    New and improved embedding model

    We are excited to announce a new embedding model which is significantly more capable, cost effective, and simpler to use.

  3. OpenAI News TIER_1 English(EN) ·

    Introducing text and code embeddings

    We are introducing embeddings, a new endpoint in the OpenAI API that makes it easy to perform natural language and code tasks like semantic search, clustering, topic modeling, and classification.

  4. OpenAI News TIER_1 English(EN) ·

    Text and code embeddings by contrastive pre-training

  5. Hugging Face Blog TIER_1 English(EN) ·

    Getting Started With Embeddings

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