$2.25B to $10B in Weeks? The AI Bubble Says, Hold My GPU.

Instinct, an invitation-only AI assistant by Spear Street Technology, operates on messaging platforms like iMessage and WhatsApp, helping users with tasks such as replying to messages, booking reservations, and negotiating bills. The startup has reportedly exceeded 100,000 users and is now discussing a potential $1 billion funding round at a $10 billion valuation. This would represent a nearly 4.4x valuation jump from its previous round in August, which valued the company at $2.25 billion.