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Headlines · 8
- OpenAI reportedly cuts funding target and valuation
The Financial Times, citing people familiar with the matter, reported that OpenAI lowered its latest funding target from $30 billion to about $20 billion and cut the proposed valuation from $1.4 trillion to $1.25 trillion. The Wall Street Journal reported that OpenAI had received about $11 billion in commitments and told shareholders it would continue fundraising from family offices and high-net-worth individuals. Some institutions reduced their subscription amounts, and the first closing was expected to fall short of $20 billion. OpenAI declined to comment.
The Next Web · 🔥 22 - Personal-agent ranking: Instinct's $10B round and the entry-point bet
A 潮涌AI ranking republished by 36Kr profiles 15 personal-agent startups outside the big platforms, led by Instinct, which the article says closed a $1B round at a $10B valuation on September 28 with Sequoia, Benchmark and Coatue participating — five months after being registered and after four rounds that took its seed valuation from $50M to $10B. The article says Instinct has no standalone app and no revenue, is still invite-only, and that invite links were listed on eBay for $200, citing Cybernews' verification of two listings on September 30. It also describes sector patterns: most of the 15 live inside SMS or iMessage, subscriptions are described as a starting point with transaction commissions as the intended end state, and Today AI founder 齐俊元 both calls the market "the next big thing" and concedes that product maturity and business value do not match current valuations and hype.
36氪 人工智能 · 🔥 0 - Instinct's rapid fade shows AI investors turning from hype to unit economics
A 36Kr piece from the Tech商业 account looks at how quickly discussion of Instinct, the AI startup founded by 23-year-old Noah Shinn under the legal name Spear Street Technology, has faded. It reports that the company raised a Series B at a $2.5 billion valuation in late August and then a $1 billion Series C on Sept. 28 at a $10 billion valuation, with Sequoia, Benchmark and Coatue participating. The product is described as a "personal AI butler" with no standalone app and an invite-only beta, where users text or call an AI agent to handle email, flights and groceries; the team has 14 people, users just topped 100,000, and the founder says it is not charging users yet, while the article cites an annualized GMV of about $1 billion. The author argues the mood has shifted as Anthropic's expected valuation reportedly slid from about $2 trillion toward $1.5 trillion, Microsoft trimmed its 2026 calendar-year capex outlook from roughly $190 billion to about $175 billion, and Meta held guidance at $125–145 billion while cutting about 8,000 jobs.
36氪 人工智能 · 🔥 0 - 23-year-old's 14-person AI agent startup Instinct hits $10B valuation
Citing Reuters, 36Kr reports that Instinct, the personal AI assistant startup founded by 23-year-old Noah Shinn, announced a $1 billion funding round on September 28 with investors including Sequoia Capital, Benchmark and Coatue, at a reported valuation of about $10 billion — roughly 4x its $25 billion... valuation of $2.5 billion in late August — with a team of just 14 people. Rather than a standalone app, users reach the assistant by text or phone call to book flights, buy household goods, cancel subscriptions or contact merchants, and a group-chat agent feature has been opened to some users. Shinn has said annualized transaction volume on the platform is approaching $1 billion, more than half travel-related, though he did not explain the calculation and the figure is self-reported. The Instinct Selections recommendation feature launched in late September drew complaints after suggesting products such as luggage without a shopping request, leaving monetization, privacy and reliability still unproven.
36氪 人工智能 · 🔥 0 - Nvidia-backed Firmus withdraws Australian IPO amid AI valuation concerns
Firmus, an Australian AI data center company backed by Nvidia, withdrew its initial public offering on October 9, according to Bloomberg and TMTPost. The company cut its offer price from A$11 to A$8.25 a share but still failed to attract enough investors, then halted the listing and said it would turn to private funding. Huxiu noted that at least four AI-related companies postponed or withdrew listings between mid-September and mid-October, as public-market investors grew more cautious about high AI valuations.
Bloomberg Technology · 🔥 0 - Personal AI assistant Instinct raises $1B Series C at $10B valuation
DoNews reports that personal AI assistant product Instinct has closed a $1 billion Series C round co-led by Sequoia Capital, Benchmark Capital and Coatue, at a post-money valuation of $10 billion (about RMB 67 billion). The report says the company was founded by 23-year-old Noah Shinn and has a team of just 14 people.
DoNews · 🔥 0 - Instinct Raises $1B Series C at Reported $10B Valuation
Instinct announced a $1 billion Series C led by Sequoia, Benchmark and Coatue, reportedly lifting its valuation from $2.5 billion to $10 billion in one month. The 14-person personal-agent company operates without a mobile app, using text messages, calls and email to handle tasks such as travel bookings, price comparisons and orders, according to 36Kr and Datawhale. Founder Noah Shinn said about 40% of users bind a credit card after roughly three weeks and that retention among users connecting at least one sensitive asset is about 80%, though these figures were not independently audited.
36氪 人工智能 · 🔥 0 - Nvidia-backed AI drug developer Iambic files for US IPO, seeking up to $159M
Iambic Therapeutics has disclosed a prospectus for a US initial public offering of 9.375 million common shares at an expected price of $15 to $17 each, aiming to raise roughly $141 million to $159 million. Founded in 2019, the company has raised $461.8 million from technology and healthcare investors. Its major shareholders include Catalio Capital Management, Nexus Venture Partners and Coatue, as well as Nvidia and the Qatar Investment Authority's healthcare-focused investment arm.
36氪快讯 · 🔥 0
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