Artificial Intelligence
OpenAI text-embedding-3: What Changes vs the Previous One
OpenAI released text-embedding-3 on 25 January 2024 in two variants: small and large. It improves MTEB quality over ada-002, adds variable dimensions you can truncate without retraining, and lowers the price for small. Migration pays off for most serious RAG setups, but measure real recall on your own corpus before reindexing everything.