Writer debuts Palmyra X 004, an LLM for enterprise applications, saying it cost just $700K to train, using synthetic data; source: Writer is raising up to $200M (Hayden Field/CNBC)

San Francisco-based AI startup Writer unveiled Palmyra X 004, a new large artificial intelligence model for enterprise applications, developed at a cost of just $700K using synthetic data. The model is positioned to compete with offerings from OpenAI and Anthropic, and the company is currently raising up to $200M in funding to support its development and expansion efforts.

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