The startup behind the personal AI assistant Instinct is in talks to raise $1 billion at a valuation of about $10 billion, according to a person with knowledge of the deal. The Information reported earlier this month that the startup is seeking new funding as the invitation-only agent faces capacity constraints. The number of users of the service has grown to more than 100,000 as it became more widely available. Sequoia Capital and Benchmark have been in talks to lead the financing, the person added.
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