embedding is $0.4 / 1M Token
Model Usage
Ada $0.0004 / 1K tokens
Roughly speaking, a company with 1,000 employees posting an average of 1,000 words daily to the groupware would pay less than $200 per day for embedding every utterance.
Assuming an average of 10 posts, that's 60MB of vector indexes created per day, so Pinecore's pay-as-you-go fee is $0.05, or about $1,000 in running costs.
2022-12-15 text-embedding-ada-002 is best
context length: 8192
1536 dimensions
They made it 1/8th the size, but they still got more talent.
For second-generation embedding models like text-embedding-ada-002, use the cl100k_base encoding.
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