pricing-reduction

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New embedding models and API updates

OpenAI Blog · 2024-01-25 Cached

OpenAI released two new embedding models: text-embedding-3-small (5x cheaper than ada-002 with 40%+ MIRACL improvement) and text-embedding-3-large (best performance with up to 3072 dimensions). Both models show significant performance gains on standard benchmarks while reducing costs.

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