GloVe: it stands for Global Vectors that are used for the representation of words. It was developed at Stanford. Similar to the working of Word2Vec, the intuition of GloVe is to create contextual word embeddings.
Fast Text: it was introduced in the year 2016, by Facebook. It is somehow similar to Word2Vec. It has a unique method of working which is lacking by both Word2Vec and GloVe. The vocabulary is limited for Word2Vec and GloVe even though the models have been trained on billions of words. Fast Text improved over the other methods due to its strong capability of generalization to unique and unknown words, which is missing in all the other methods of vectorization.
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