Today Snowflake is launching and open-sourcing with an Apache 2.0 license the Snowflake Arctic embed family of models. Based on the Massive Text Embedding Benchmark (MTEB) Retrieval Leaderboard, the largest Arctic embed model with only 334 million parameters is the only one to surpass average retrieval performance of 55.9, a feat only less practical to deploy models with over 1 billion parameters are able to achieve. The family of five models are available on Hugging Face for immediate use and i...