AI Agent Startup Instinct in Talks for $10 Billion Valuation

The startup behind personal AI assistant Instinct is in talks to raise $1 billion at a valuation of about $10 billion, a person with knowledge of the deal said.

The Information reported earlier this month that the startup is looking to raise new funding as the invitation-only agent faces capacity constraints. As its service became more available, the number of users has grown to more than 100,000, according to the person. Sequoia Capital and Benchmark have been in talks to lead the financing, the person added.