AI startup Writer has launched its new model, Palmyra X 004, which aims to compete with OpenAI and other enterprise products. This state-of-the-art model is designed to deliver higher accuracy and more powerful action capabilities, redefining the breadth of AI applications. The training of Palmyra X 004 cost approximately $700,000, leveraging synthetic data to cut costs. Writer is also currently fundraising up to $200 million at a valuation of $1.9 billion. The new model is expected to significantly enhance function calling and workflow automation in enterprise applications, surpassing tech giants.