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First major update to the ChatGPT API for 2024

Now OpenAI is interested in ChatGPT The API has been significantly updated and we have summarized 8 important points. It is worth mentioning that there is a new "GPT-4-0125-preview" model, which allows for better handling of tasks.

1. New model releases:

  • Two new embedding models:
    • Compact and efficient "text-embedding-3-small"
    • Large and powerful "text-embedding-3-large"
  • Updated GPT-4 Turbo preview model
  • Updated "GPT-3.5 Turbo" model
  • Updated text review model

2. Performance and price of the new embedded model:

  • Text Embedding-3-Small:
    • Average MIRACL Benchmark score improved from 31.4% to 44.0%
    • Average MTEB benchmark score increased from 61.0% to 62.3%
    • Price dropped from $0.0001 per 1K tokens to $0.00002 per 1K tokens, a 5x drop
  • text-embedding-3-large:
    • The average MIRACL score increased from 31.41 TP3T to 54.91 TP3T and the average MTEB score increased from 61.01 TP3T to 64.61 TP3T
    • Price is $0.00013 per 1k tokens

3. Shorten embedding:

  • text-embedding-3-large embedding creates up to 3072 dimensions
  • Embedded acronyms (with some numbers removed), but retaining representation of concepts

4. Updates and price reductions for the GPT-3.5 Turbo model:

  • Launched new model "GPT-3.5-Turbo-0125".
  • Input price reduced by 50% to $0.0005/1K tokens, output price reduced by 25% to $0.0015/1K tokens

5. GPT-4 Turbo update:

  • The new "GPT-4-0125-preview" model allows for more thorough handling of tasks such as code generation.
  • Reducing "laziness" (the problem of not completing tasks)
  • Includes bug fixes for non-English UTF-8 generation

6. Review model updates:

  • New "text-moderation-007" model released
  • Free API for identifying potentially harmful text

7. Improved management of API usage and API keys:

  • Ability to assign permissions to API keys
  • Usage Dashboard and Usage Export Show API Key Level Metrics

8. Other:

  • Full rollout of the vision-enabled GPT-4 Turbo is planned in the coming months
  • Further improve API usage visibility and API key management, especially for large organizations
May not be reproduced without permission:Chief AI Sharing Circle " First major update to the ChatGPT API for 2024
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