Instinct raised $1B at $10B for an AI agent that rings restaurants on its own phone

Instinct has raised $1B at a $10B valuation from Sequoia, Benchmark and Coatue for a personal AI agent that books trips, orders groceries and telephones businesses using its own phone. Since 2 August, Article 50 of the EU AI Act has required systems that interact directly with people to tell them they are dealing with an AI.

Instinct has raised $1B at a $10B valuation in a Series C from Sequoia Capital, Benchmark Capital and Coatue, Bloomberg reported. Last month the company was reported to be raising at $2.5B. The price has quadrupled in about four weeks.

The agent makes phone calls.

It plans trips, books reservations and orders groceries, and it has its own phone and computer, which it uses to ring businesses directly. Its agents can also talk to one another to coordinate plans and exchange files for users. Noah Shinn founded the company.

Europe has a...

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