AI startup Writer, currently fundraising at a $1.9 billion valuation, launches new model to compete with OpenAI

Posted under: SMB
Date: 2024-10-10
AI startup Writer, currently fundraising at a $1.9 billion valuation, launches new model to compete with OpenAI

San Francisco-based AI startup Writer debuted a large AI model Wednesday to compete with enterprise offerings from OpenAI, Anthropic, and others. But, unlike some of those competitors, it doesn’t need to spend as much to train its AI. The company said it spent about $700,000 to train its latest model, including the data and GPUs, compared with the millions of dollars competing startups spend to build their own models.

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