LLMs Beat Embedding Models on Tasks but Cost More
Researcher shares findings on when LLMs or embedding models suit different tasks.
Niklas Muennighoff posted a new paper called The Embedder's Dilemma. It shows large language models now surpass embedding models on multiple retrieval and related benchmarks. The comparison weighs performance against the added expense of running the larger systems. Muennighoff notes that reasoning-heavy retrieval can justify the extra cost while classification and semantic textual similarity tasks usually favor embeddings. Other researchers in the thread highlight that embeddings remain far cheaper for most production uses and suggest keeping hybrid pipelines that include rerankers. The work draws on earlier studies of human versus model gaps in embedding performance.
can LLMs replace embedding models? in a new work "embedder's dilemma" we find LLMs now beat embedding models -- but at much higher cost. when to choose which?... 📜
Did LLMs finally subsume embedding models? We compared 10 LLMs vs. 26 embedding models across 37 MTEB tasks. LLMs scored 77.6 while embedding models scored 77.2 But the costs are very different. 🧵
