[Instinct Faces Compute Power Shortage Amid High Demand, Plans to Raise Another $1 Billion After Securing $250 Million] Beating AI News Flash: The personal AI assistant Instinct is considering raising another $1 billion in funding. It recently completed a $250 million funding round, bringing its total funding to $350 million. Over the past few weeks, Instinct has repeatedly notified users that its services are at full capacity, and response times may slow down. The new funding round is still in its early stages and may ultimately not proceed. If the full $1 billion is raised, existing investors expect the valuation to reach at least around $10 billion to keep shareholder dilution under 10%. Currently, Instinct primarily relies on renting servers and extensively uses open-source models. Founder Noah Shinn has also mentioned to potential investors that the company hopes to purchase its own chips and even operate data centers in the future to reduce compute costs in the long term. Competition has also intensified suddenly. Meta recently launched a free personal agent, Muse, which can similarly assist users with shopping, booking flights, and handling daily tasks. In early community comparisons, several testers noted that Muse's speed is significantly faster than Instinct's. [Original Link]