OpenAI Introduces New Embedding Models and API Updates

OpenAI has recently released a series of new embedding models and API updates to further enhance developers' experience and model performance. The newly released embedding models include text-embedding-3-small and text-embedding-3-large, which offer higher accuracy and flexibility, along with support for shortened embeddings to save storage and computational resources. Additionally, OpenAI has launched a new version of the GPT-3.5 Turbo model, reducing prices and introducing several improvements.

In the realm of GPT-4 Turbo, OpenAI has unveiled an updated preview version, which excels in code generation tasks and addresses encoding issues affecting non-English generation. Furthermore, there are rumors indicating that GPT-4.5 Turbo might be released in June, boasting a larger context window and higher performance.