We provide the first exploration of text-to-text transformers (T5) sentence embeddings. Sentence embeddings are broadly useful for language processing tasks. While T5 achieves impressive performance on language tasks cast as sequence-to-sequence mapping problems, it is unclear how to produce sentence embeddings from encoder-decoder models. We investigate three methods for extracting T5 sentence embeddings: two utilize only the T5 encoder and one uses the full T5 encoder-decoder model. Our encoder-only models outperforms BERT-based sentence embeddings on both transfer tasks and semantic textual similarity (STS). Our encoder-decoder method achieves further improvement on STS. Scaling up T5 from millions to billions of parameters is found to produce consistent improvements on downstream tasks. Finally, we introduce a two-stage contrastive learning approach that achieves a new state-of-art on STS using sentence embeddings, outperforming both Sentence BERT and SimCSE.
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