NV-Embed-v2 ranks #12 of 12 in our embedding models testing. the leaderboard model you are not allowed to ship.
50/100
strong retrieval scores and an explicit ban on commercial use — ranked last because it is listed as a production option almost everywhere and it is not one.
why people look for an alternative
−CC-BY-NC-4.0 — the card explicitly forbids any commercial purpose
−widely and wrongly listed elsewhere as commercially usable
−no matryoshka support — all 4,096 dimensions must be stored
−english only, and the MTEB board version is unlabelled
stay with NV-Embed-v2 if strong published retrieval scores — 72.31 across 56 MTEB tasks is the thing you care about most — nothing below beats it on that.
#1 in embedding models · apache-2.0, best open multilingual quality, and a tenth of a cent hosted
89/100
verdictthe best combination of open licence, multilingual quality and truncatable dimensions in the category — provided you can afford to serve an 8b model or are happy renting one.
Qwen3-Embedding-8B vs NV-Embed-v2
NV-Embed-v2
Qwen3-Embedding-8B
price
free — non-commercial use only
$0.010 / 1m tokens on DeepInfra
free tier
yes
yes
price / 1m
free — non-commercial only
$0.010 hosted, free self-hosted
dimensions
4,096, fixed
4,096, truncatable to 32
context
32,768 tokens
32,768 tokens
licence
CC-BY-NC-4.0 — non-commercial
Apache-2.0
multimodal
no — english text only
no — text only
switch formultilingual retrieval where the licence has to be clean and the bill has to be small
pros
+apache-2.0 on code and weights — commercially safe without conditions
+32,768-token context, four times OpenAI's or Gemini's
+matryoshka truncation from 4,096 down to 32 dimensions
+publishes MTEB scores with the board version named
+matching apache-2.0 reranker family
cons
−8b parameters — the heaviest model here to self-host
−4,096 native dimensions is a large index if you do not truncate
#2 in embedding models · one vector space for text, images, audio and video
86/100
verdictthe only model here that puts text, images, audio and video in one shared space — at the highest text price in the ranking, and it just invalidated its own predecessor's vectors.
gemini-embedding-2 vs NV-Embed-v2
NV-Embed-v2
gemini-embedding-2
price
free — non-commercial use only
$0.20 / 1m text tokens
free tier
yes
yes
price / 1m
free — non-commercial only
$0.20 text, $0.10 batch
dimensions
4,096, fixed
128 to 3,072
context
32,768 tokens
8,192 tokens
licence
CC-BY-NC-4.0 — non-commercial
proprietary api
multimodal
no — english text only
yes — text, image, audio, video
switch forretrieval across mixed media where text-only embeddings cannot answer the question
pros
+text, images, audio, video and documents in one shared vector space
+100+ languages, with matryoshka dimensions from 128 to 3,072
+batch mode halves the text rate to $0.10 per million
+8,192-token context, four times its own predecessor
cons
−$0.20 per million is the highest text rate in the ranking
−audio costs 32x and video 60x the text rate
−vectors are incompatible with gemini-embedding-001 — upgrading means re-embedding everything
#3 in embedding models · the default everyone reaches for, and it is showing its age
83/100
verdictstill a solid general-purpose embedding with the most flexible dimension control here — on an 8k context and a model that has not been updated since january 2024.
text-embedding-3-large vs NV-Embed-v2
NV-Embed-v2
text-embedding-3-large
price
free — non-commercial use only
$0.13 / 1m tokens
free tier
yes
no
price / 1m
free — non-commercial only
$0.13
dimensions
4,096, fixed
3,072, truncatable to any size
context
32,768 tokens
8,192 tokens
licence
CC-BY-NC-4.0 — non-commercial
proprietary api
multimodal
no — english text only
no — text only
switch forteams already on the OpenAI api who want a known quantity and no new vendor
pros
+arbitrary dimension truncation via the dimensions parameter, not a fixed list
+no new vendor if you are already on the OpenAI api
+extremely well documented and widely supported by every framework
+the cheap sibling, text-embedding-3-small, is $0.02 per million
cons
−8,192-token context is joint smallest in the ranking
−no replacement shipped since january 2024
−no multilingual claim, no multimodal support, no reranker sibling
−quotes an MTEB score without naming the board version
#5 in embedding models · 128k of context, text and pdfs in one space, and no published price
78/100
verdictby far the longest context here and genuine text-plus-pdf embedding — from the only vendor in this ranking that will not tell you what an api call costs.
Cohere Embed v4 vs NV-Embed-v2
NV-Embed-v2
Cohere Embed v4
price
free — non-commercial use only
not published per token
free tier
yes
yes
price / 1m
free — non-commercial only
not published
dimensions
4,096, fixed
256 / 512 / 1,024 / 1,536
context
32,768 tokens
128,000 tokens
licence
CC-BY-NC-4.0 — non-commercial
proprietary api
multimodal
no — english text only
yes — text, images, pdfs
switch forlong-document and pdf retrieval where a 128k window removes the chunking problem
pros
+128,000-token context — fifteen times OpenAI's, the longest here by far
+text, images and pdfs embedded into one space
+matching Rerank 3.5 and Rerank 4 models
+four selectable output dimensions from 256 to 1,536
cons
−no per-token api price published anywhere on cohere.com
−only dedicated-instance pricing is public, from $2,500 a month
−no MTEB score on its own pages, and third-party figures disagree
#10 in embedding models · a flat price, a tidy api, and almost no published specification
62/100
verdictcheaper than OpenAI and easy to adopt if you are already a Mistral customer — from a model that publishes neither its dimensions nor its benchmark scores.
Mistral Embed vs NV-Embed-v2
NV-Embed-v2
Mistral Embed
price
free — non-commercial use only
$0.10 / 1m tokens
free tier
yes
yes
price / 1m
free — non-commercial only
$0.10
dimensions
4,096, fixed
not published by vendor
context
32,768 tokens
8,000 tokens
licence
CC-BY-NC-4.0 — non-commercial
proprietary api
multimodal
no — english text only
no — text and code
switch forteams already building on Mistral who want embeddings on the same bill
pros
+$0.10 per million, cheaper than OpenAI's flagship
+no new vendor if you are already using the Mistral api
+flat pricing with no tiers or dimension-based surcharges
+a separate Codestral Embed exists for code retrieval
cons
−output dimensions are not published by the vendor
−no parameter count, language count or MTEB score published
−dates to december 2023 — the oldest model in this ranking
−no weights, no self-host path, no reranker sibling
every tool on this page went through the same test as NV-Embed-v2 — same tasks, same order, scored the same way. the comparison tables are the figures from that testing, not vendor spec sheets.