diff --git a/README.md b/README.md
index 4dbbdcb40..17b85793b 100644
--- a/README.md
+++ b/README.md
@@ -23,7 +23,7 @@ const configuration = new Configuration({
 const openai = new OpenAIApi(configuration);
 
 const completion = await openai.createCompletion({
-  model: "text-davinci-002",
+  model: "text-davinci-003",
   prompt: "Hello world",
 });
 console.log(completion.data.choices[0].text);
@@ -39,7 +39,7 @@ All of the available API request functions additionally contain an optional fina
 ```javascript
 const completion = await openai.createCompletion(
   {
-    model: "text-davinci-002",
+    model: "text-davinci-003",
     prompt: "Hello world",
   },
   {
@@ -58,7 +58,7 @@ API requests can potentially return errors due to invalid inputs or other issues
 ```javascript
 try {
   const completion = await openai.createCompletion({
-    model: "text-davinci-002",
+    model: "text-davinci-003",
     prompt: "Hello world",
   });
   console.log(completion.data.choices[0].text);
@@ -78,7 +78,7 @@ All breaking changes for major version releases are listed below.
 
 ### 3.0.0
 
-- The function signature of `createCompletion(engineId, params)` changed to `createCompletion(params)`. The value previously passed in as the `engineId` argument should now be passed in as `model` in the params object (e.g. `createCompletion({ model: "text-davinci-002, ... })`)
+- The function signature of `createCompletion(engineId, params)` changed to `createCompletion(params)`. The value previously passed in as the `engineId` argument should now be passed in as `model` in the params object (e.g. `createCompletion({ model: "text-davinci-003", ... })`)
 - Replace any `createCompletionFromModel(params)` calls with `createCompletion(params)`
 
 ## Thanks