# New embedding models and API updates

Source: https://openai.com/blog/new-embedding-models-and-api-updates
Kiwi News: https://news.kiwistand.com/stories/New-embedding-models-and-API-updates?index=0x65b392c33959b02226b4f59de3f73a52d0bf64ec0382dd7023a72a81e8930cf943c402fe
Submitted by tim on 2024-01-26 UTC, 1 upvote, 1 comment

## Summary

OpenAI announced new embedding models, lower GPT-3.5 Turbo prices, an updated GPT-4 Turbo preview and moderation model, and new API key and usage controls. The text-embedding-3-small model reduces the price per 1k tokens from $0.0001 to $0.00002 and raises the MIRACL average from 31.4% to 44.0% compared with text-embedding-ada-002. The larger text-embedding-3-large model raises the MIRACL average to 54.9%, and both models support shortening embeddings through the dimensions parameter. GPT-3.5 Turbo input prices fall 50% to $0.0005 per 1K tokens, and output prices fall 25% to $0.0015 per 1K tokens.

## Comments

**tim**: > Today, we are releasing an updated GPT-4 Turbo preview model, gpt-4-0125-preview. This model completes tasks like code generation more thoroughly than the previous preview model and is intended to reduce cases of “laziness” where the model doesn’t complete a task.

Banger! I've been suffering from the "cases of laziness" in the prior GPT4 turbo preview model!