Yes, it did. Companies that offer competitive search or recommendation feeds were all using these text models in production.
The future looked incredibly creative with cross-encoders, things like semantic paths, using the latent space to classify - everything was exciting. A all-in-one LLM that eclipsed embeddings on all but speed for these things was a bit of a kill joy.
Companies that changed existing indexing to use sentence transformers aren't exactly innovating; that process happened once or twice a decade for the last few decades. This was parents point I believe, in a way. And tbh, the improvement in results has never been noticeable to me; exact match is actually 90% of the solution to retrieval(maybe not search) already - we just take it for granted because we are so used to it.
I fully believe in a world without GPT-3, HN demos would be full of sentence transformer and other cool technology being used for demos and in creative ways, compared to how rarely you see them.
There still exists a need for fast and cheap models where LLMs do not make sense.
You can compress a large N number of token embeddings into a smaller N number of token embeddings with some loss of information using pooling techniques like what was in sentence transformers.
But I've literally gotten into fights here on HN with people who claimed that "if this was so easy people would be doing it" and other BS. The reality is that LLMs and embedding techniques are still massively undetooled. For another example, why can't I average pool tokens in ChatGPT, such that I could ask "What is the definition of {apple|orange}". This is notably easy to do in Stable Diffusion land and also even works in LLMs - despite that even "greats" in our field will go and fight me in the comments when I post this[1] again and again, desperately trying to get a properly good programmer to implement it for production use cases...
[1] https://gist.github.com/Hellisotherpeople/45c619ee22aac6865c...
https://aclanthology.org/2023.newsum-1.10/
Happy to see that David's excellent work is getting the love that it deserves!
ChatGPT certainly set the tone for the year. Though I will say you haven't heard the last of semantic graphs, semantic paths and some of that work that did happen in late 2022 right before ChatGPT. A bit of a detour? Yes. Perhaps the combination is something that will lead to features even more interesting - time will tell.