OpenAI Updates Jan 2024: New Embedding Models, Lower Pricing, and Enhanced API Management

In the fast-paced world of artificial intelligence, innovation never rests. OpenAI is at the forefront, unleashing a wave of updates set to redefine the landscape. Brace yourself for an exhilarating ride through the latest advancements, reduced prices, and groundbreaking API management tools.

New Embedding Models:

  • Introducing two cutting-edge embedding models: text-embedding-3-small and text-embedding-3-large.
  • Witness unprecedented performance enhancements with text-embedding-3-small, boasting a remarkable 44.0% on MIRACL, a testament to its efficiency and power.
  • Dive deeper with text-embedding-3-large, elevating the game with an impressive 54.9% on MIRACL, setting a new benchmark for excellence.
  • Enjoy reduced prices and heightened efficiency, making these models accessible to all.

Shortening Embeddings:

  • Explore the innovative technique of shortening embeddings, a game-changer in balancing performance and cost.
  • Developers can now tailor embeddings to their specific needs, optimizing resources without compromising quality.
  • Experience unparalleled flexibility, enabling seamless integration with diverse applications and systems.

Updated GPT Models:

  • Get ready for the ultimate turbo boost with the new GPT-3.5 Turbo model, gpt-3.5-turbo-0125, featuring enhanced accuracy and lower prices.
  • Embrace the future with GPT-4 Turbo preview, offering extended knowledge cutoff, larger context windows, and improved code generation capabilities.
  • Stay ahead of the curve with the updated moderation model, text-moderation-007, ensuring safety and reliability in AI-driven environments.

API Management Tools:

  • Empowering developers with newfound control and insight, OpenAI introduces advanced API key management features.
  • Assign customized permissions to API keys, tailored to your specific requirements and workflows.
  • Gain invaluable visibility into API usage at a granular level, paving the way for optimized performance and resource allocation.


Innovation knows no bounds, and OpenAI continues to push the boundaries of what’s possible in the realm of artificial intelligence. With groundbreaking embedding models, enhanced GPT variants, and intuitive API management tools, the future has never looked brighter. Embrace the revolution and unlock the true potential of AI with OpenAI.

Source – New embedding models and API updates

Please follow and like us: