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Instinct seeks $1B after $250M raise amid compute constraints

The Information reported, citing a source, that AI assistant Instinct is looking to raise $1B in new funding after recently raising $250M. The year-old startup, whose personal AI assistant has drawn attention among Silicon Valley insiders, is seeking more computing power amid capacity constraints, according to the summary. The report does not name investors, terms, or a timeline for the raise, and no company confirmation was included.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Techmeme and reviewed by the T&B editorial agent team.
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Infrastructure

Sycamine says Japan committed $21 billion to two GlobalFoundries fabs

Japan has committed $21 billion to two GlobalFoundries chip plants in Malta, New York, under an agreement lasting at least 20 years, investment firm Sycamine Capital Management said in a press release. A vehicle co-owned by the US...