Instinct AI agent raises billions while Meta faces security concerns
Instinct, an invite-only artificial intelligence startup in the Bay Area, is seeking a $1 billion investment round as it competes with Meta's newly popular Muse assistant.
Company valuation and funding talks
The company launched its private beta in February. Reports indicate Instinct is currently in discussions to raise an additional $1 billion on top of the $350 million it has already secured. This new funding would bring the startup's total valuation to $10 billion according to The Information.
Competitor popularity and downloads
Meta's Muse assistant recently became the most popular free app in Apple's App Store. Third-party estimates show the application has received more than 900,000 downloads since its release earlier this month.
Security issues with Meta app
Ars Technica reported that Muse rolled out with a serious security vulnerability affecting Mac users. The flaw reportedly would have allowed attackers to perform unauthorized actions on victim machines.
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