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Embedding is poor man's context length increase. It essentially increases your context length but with loss. There is a cost argument to make still, embedding-based approach will be cheaper and faster, but worse result than full text. That being said, I don't see how those embedding startups compete with OpenAI, no one will be able to offer better embedding than OpenAI itself. It is hardly a convincing business. The…
For embeddings specifically, there are multiple open source models that outperform OpenAI’s best model (text-embedding-ada-002) that you can see on the MTEB Leaderboard [1] > embedding-based approach will be cheaper and faster, but worse result than full text I’m not sure results would be worse, I think it depends on the extent to which the models are able to ignore irrelevant context, which is a problem [2]. Using r…
The point isn't about leaderboard. With increasing context length, the question is on whether we need embeddings or not. With longer context length, embeddings is no longer a necessity, and it lowers its value.