diff --git a/examples/textual_inversion/textual_inversion.py b/examples/textual_inversion/textual_inversion.py
index a2e023a5ce..9089caf134 100644
--- a/examples/textual_inversion/textual_inversion.py
+++ b/examples/textual_inversion/textual_inversion.py
@@ -532,9 +532,15 @@ def main():
     )
     accelerator.register_for_checkpointing(lr_scheduler)
 
+    weight_dtype = torch.float32
+    if accelerator.mixed_precision == "fp16":
+        weight_dtype = torch.float16
+    elif accelerator.mixed_precision == "bf16":
+        weight_dtype = torch.bfloat16
+
     # Move vae and unet to device
-    vae.to(accelerator.device)
-    unet.to(accelerator.device)
+    unet.to(accelerator.device, dtype=weight_dtype)
+    vae.to(accelerator.device, dtype=weight_dtype)
 
     # Keep vae and unet in eval model as we don't train these
     vae.eval()
@@ -600,11 +606,11 @@ def main():
 
             with accelerator.accumulate(text_encoder):
                 # Convert images to latent space
-                latents = vae.encode(batch["pixel_values"]).latent_dist.sample().detach()
+                latents = vae.encode(batch["pixel_values"].to(dtype=weight_dtype)).latent_dist.sample().detach()
                 latents = latents * 0.18215
 
                 # Sample noise that we'll add to the latents
-                noise = torch.randn(latents.shape).to(latents.device)
+                noise = torch.randn(latents.shape).to(latents.device).to(dtype=weight_dtype)
                 bsz = latents.shape[0]
                 # Sample a random timestep for each image
                 timesteps = torch.randint(
@@ -616,7 +622,7 @@ def main():
                 noisy_latents = noise_scheduler.add_noise(latents, noise, timesteps)
 
                 # Get the text embedding for conditioning
-                encoder_hidden_states = text_encoder(batch["input_ids"])[0]
+                encoder_hidden_states = text_encoder(batch["input_ids"])[0].to(dtype=weight_dtype)
 
                 # Predict the noise residual
                 model_pred = unet(noisy_latents, timesteps, encoder_hidden_states).sample
@@ -629,7 +635,7 @@ def main():
                 else:
                     raise ValueError(f"Unknown prediction type {noise_scheduler.config.prediction_type}")
 
-                loss = F.mse_loss(model_pred, target, reduction="none").mean([1, 2, 3]).mean()
+                loss = F.mse_loss(model_pred.float(), target.float(), reduction="none").mean([1, 2, 3]).mean()
                 accelerator.backward(loss)
 
                 optimizer.step()