On Monday, privately held Spear Street Technology announced that it had closed a funding round valuing its AI agent Instinct at $10 billion from big-name venture capital firms Sequoia Benchmark, and Coatue. Analysts at Bloomberg Intelligence estimated the potential market from those three sectors alone at $1 trillion in transaction value. The catch is that Instinct is still in “early access,” meaning most people can’t actually use it until access expands. Continue Reading
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