Berlin-based artificial intelligence company, Jina AI, is excited to announce the launch of its second-generation text embedding model, jina-embeddings-v2. This model supports an impressive 8K context length, putting it on par with OpenAI’s proprietary model in terms of capabilities and performance. Jina-embeddings-v2 outperforms OpenAI’s model in several areas, including classification, reranking, retrieval, and summarization. The model’s extended context capabilities offer new possibilities for industries such as legal document analysis, medical research, literary analysis, financial forecasting, and conversational AI. Both the base and small models are available for download on Huggingface. Jina AI is dedicated to advancing and democratizing artificial intelligence through open-source tools and plans to publish an academic paper on jina-embeddings-v2 and develop an OpenAI-like embeddings API platform. They are also working on launching German-English models to expand their language repertoire.
https://jina.ai/news/jina-ai-launches-worlds-first-open-source-8k-text-embedding-rivaling-openai/