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hey everyone welcome to the global NLP lab a place where we discuss the latest in natural language processing research subscribe to stay up to date with our latest content this video has been created with the partial help of GPT 3. today we are discussing a new embedding model published by open AI we are going to discuss what embeddings are how the new model improves upon the existing models and provides some examples of how this new model is being used we are also going to discuss whether using the open AI API for computing text embeddings is worth it or whether a self-hosted solution makes more sense so lets get started first off what are embeddings embeddings are numerical representations of Concepts converted into sequences of numbers that allow computers to understand the relationships between those Concepts in NLP embeddings are used for a variety of applications such as semantic search cluster analysis and other tasks open AI new embedding model text embedding Ada 002 is a step