Source: AI assistant Instinct is looking to raise $1B in new funding after recently raising $250M, as it seeks more computing power amid capacity constraints (The Information)
Instinct is already back in the market for a much larger round because compute is the bottleneck.
The Information’s item, as carried by Techmeme, says the AI assistant startup is seeking $1 billion in new funding. That follows a recent $250 million raise. The stated reason is demand for more computing power while the company faces capacity constraints.
Techmeme's note
The Information’s item, as carried by Techmeme, says the AI assistant startup is seeking $1 billion in new funding. That follows a recent $250 million raise. The stated reason is demand for more computing power while the company faces capacity constraints.
Techmeme's note
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