AI startup Instinct raises $1 billion, valued at $10 billion

Instinct, a consumer AI agent startup, raised $1 billion in Series C funding from Sequoia, Benchmark, and Coatue. Its valuation jumped from $2.5 billion to $10 billion in just one month. The AI assistant handles tasks like booking travel, paying bills, and making calls. Founder Noah Shinn said funding will expand access to personal AI.