Viral AI agent Instinct raises $1B Series C at a $10B valuation
Instinct has raised a $1 billion Series C, saying 'we're just getting started.' The company is now valued at $10 billion.
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.
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Anthropic sets IPO price range of $70 to $78 per share to reach an implied valuation of $1.404 trillion
The company could end up being worth a hefty $1.404 trillion if its shares list at the top of the price range, on a fully diluted basis.
Also reported by SiliconANGLE
Anthropic targets $1.4 trillion IPO
Anthropic confirmed on Tuesday that its IPO could be one of the biggest ever, even while falling short of previous expectations. Its IPO price is expected to be between $70.00 and $78.00 per share, which would put its valuation as high as $1.4 trillion, according to the New York Times. The Wall Street Journal reports that according to its sources, Anthropic is "aiming for its shares to start trading Thursday or Friday next week." As Reuters notes, the Anthropic IPO was previous
AI agent tooling provider LangChain secures $300M investment
LangChain Inc., a startup with a set of popular open-source tools for building artificial intelligence agents, has raised $300 million in funding. The Wall Street Journal reported today that Alphabet Inc.’s CapitalG fund led the round. It was joined by IVP, Sapphire Ventures, GIC and DFJ Growth. LangChain is now worth $3 billion. San Francisco-based […] The post AI agent tooling provider LangChain secures $300M investment appeared first on SiliconANGLE.
Taiwan’s chipmaking giant TSMC to invest $1B in Anthropic, OpenAI
Top chip manufacturer TSMC is ready to invest $1 billion in Anthropic and OpenAI. That would give the Taiwanese chipmaker direct stakes in leading AI developers, even as its own contract chipmaking business has profited enormously from the AI data center buildout. The chipmaker’s board approved plans to invest up to $500 million in OpenAI preferred stock reserved for large investors and another $500 million to purchase Anthropic common shares at the latter’s expected IPO price, according to Reut
Anthropic Seeks Record $88.5B Tied To Public Market Debut
Anthropic is seeking to secure up to $88.5 billion in its planned IPO and a concurrent private placement, potentially making it the largest-ever fundraise tied to a public market debut. On Tuesday, the AI giant submitted an updated S-1 filing for its upcoming public offering, unveiling new details including a proposed share price range offering size. The offering could set a fully diluted valuation of up to $1.4 trillion for the San Francisco company. Anthropic’s expected valuation comes in belo
Norwest pushes deeper into AI with new $4B fund
This is the investment firm's largest fund to date.