A personal AI agent quadrupled its price tag in under a month.
Instinct, an assistant that answers mail and books things for you, is in talks to raise about $1 billion. The round would value it near $10 billion, up from $2.5 billion less than a month ago. Sequoia and Benchmark are in talks to lead it, and the terms could still change.
Why it mattersIts 23-year-old founder says he will not charge users, which usually means advertising later. The company already has more users than computing power to serve them.
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