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We are excited to announce a new embedding model which is significantly more capable, cost effective, and simpler to use.
The new model, text-embedding-ada-002, replaces five separate models for text search, text similarity, and code search, and outperforms our previous most capable model, Davinci, at most tasks, while being priced 99.8% lower.
Embeddings are numerical representations of concepts converted to number sequences, which make it easy for computers to understand the relationships between those concepts. Since the initial launch of the OpenAI /embeddings(opens in a new window) endpoint, many applications have incorporated embeddings to personalize, recommend, and search content.