Can Frontier LLMs Match Natively Multimodal Embeddings? A Comparison on Hard-Negative Text-to-Image Retrieval

Multimodal retrieval and classification across different types of media, spanning text, images,video and audio, has traditionally relied on dual-encoder models that align visual and textual representations through contrastive learning. The March 2026 release of Gemini Embedding 2, Google's first natively multimodal embedding model to map text, images, video, audio, and documents into a single shared space, raises competition among multimodal retrieval systems. Simultaneously, frontier Large language models (LLMs) have also demonstrated strong visual understanding, raising the question of whether they can serve as effective zero-shot rankers. Our study provides the first direct comparison of native multimodal embeddings against LLM-based visual ranking on Flickr30k. We observe that GPT-4.1 and Claude Sonnet 4.6 perform on par with Gemini Embedding 2. Additionally, once embeddings are precomputed, multimodal embeddings are better suited for low-latency applications.