AI Startup Writer, Currently Fundraising at a $1.9 Billion Valuation, Launches New Model to Compete With OpenAI

Writer, a San Francisco-based AI startup, debuted a large AI model to compete with enterprise offerings from OpenAI, Anthropic and others.

The company told CNBC 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. Its strategy has caught the attention of investors.

Writer is raising up to $200 million at a $1.9 billion valuation, according to a person familiar with the situat…