text-embedding-3

text-embedding-3 (available in Small and Large variants) is OpenAI's latest generation of embedding models. They offer a significant performance upgrade over previous models (like ada-002) at a reduced cost.

• Small: Highly efficient, perfect for latency-sensitive apps.
• Large: Supports higher dimensions (up to 3072), capturing more nuance for complex retrieval tasks.

Developers can also "shorten" the embeddings to trade off a small amount of accuracy for vastly faster database search speeds.