OpenAI, which develops and operates ChatGPT, has started providing a new model via API, and has also announced API-related updates such as updating the API usage management tool and reducing the price of GPT-3.5 Turbo.
New embedding models and API updates
https://openai.com/blog/new-embedding-models-and-api-updates 
◆A new embedded model is now available
An ’embedding’ is a series of numbers that represents a concept within the content, such as text or code. By…
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