OpenAI's NEW Embedding Models

OpenAI's new embedding models are text-embedding-3-small and text-embedding-3-large. These models are better than Ada 002 (text-embedding-ada-002), and we have the option of latency and storage-optimized text-embedding-3-smallor the higher accuracy text-embedding-3-large.

Key takeaways here are the pretty huge performance gains for multilingual embeddings — measured by the leap from 31.4% to 54.9% on the MIRACL benchmark. For English-language performance, we look at MTEB and see a smaller but still significant increase from 61% to 64.6%.

It's worth noting that the max …

accuracy ada benchmark embedding embedding models embeddings key latency multilingual openai performance small storage text