> An embedding isn't conceptually that much different from feeding a 1024-word description of an image instead of the actual image.
An embedding needs less words. You can embed individual words, phrases, like a whole prompt and longer paragraphs. You don't need 1024 words for a text embed. For example a famous library is called Sentence BERT (sbert).
When you embed images on the other hand, you cut them up into little squares on the tune of 32x32 px, and embeds one of them separately. chatGPT uses something like 250 tokens for smaller images. So a smaller image costs about as much as 200 words if represented graphically, and maybe much less words if you embed a text description of it.