Viral AI agent Instinct raises $1B Series C at a $10B valuation

An AI assistant startup has raised $1 billion in funding at a $10 billion valuation, just one month after a previous fundraise valued it at $2.5 billion. The company's AI agent can perform tasks for users such as booking travel, making purchases, paying bills, and conducting research, using its own phone number and computer to complete these actions. This rapid growth reflects significant investor interest in a new category of consumer AI agents designed to complete real-world tasks rather than simply answer questions. However, the startup faces competition from a similar AI assistant launched by a major social media company, and some users have raised concerns about the personal information required to access these capabilities.