Get the latest tech news
OpenAI unveils new AI model enhancements and price reductions
OpenAI introduces updates to its AI models, including enhanced embedding models, improvements to GPT-4 and GPT-3.5, and reduced pricing.
The text-embedding-3-small model offers a substantial upgrade over its predecessor, text-embedding-ada-002, with improved performance and a 5X reduction in price. This update comes with a 50% reduction in input costs and a 25% cut in output prices, making it more affordable for customers. The new model will also feature various improvements, including higher accuracy and a fix for a text encoding issue affecting non-English language function calls.
Or read this on ReadWrite
