OP is incorrect. Embeddings are still needed since (1) context windows can't contain all data and (2) data memorization and continuous retraining is not yet viable.
But the common use case of using a vector DB to pull in augmentation appears to now be handled by the Assistants API. I haven't dug into the details yet but it appears you can upload files and the contents will be used (likely with some sort of vector searching happening behind the scenes).