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What will be the cost per million document tokens for generating contextualized chunks using Anthropic's Contextual Retrieval by December 31, 2024?
3
Resolution / Starting Odds
Less than $1.00 • 25%
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Official pricing updates from Anthropic
Story
Anthropic Introduces Contextual Retrieval with 67% Improvement to Boost RAG Systems
Sep 20, 2024, 05:55 AM
Anthropic has introduced a new technique called Contextual Retrieval, which significantly improves the performance of Retrieval-Augmented Generation (RAG) systems. This method reduces incorrect chunk retrieval rates by up to 67% when combined with reranking and achieves a 49% improvement in retrieval accuracy. The technique involves generating contextualized chunks at a cost of $1.02 per million document tokens, using Contextual Embeddings and Contextual BM25 to enhance retrieval accuracy. Contextual Retrieval, when combined with prompt caching, is expected to transform AI assistants in sectors such as hospitality, healthcare, and finance by making them smarter and more efficient.
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