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But we saved everything 🙂.
Steve Hou reports that Instinct has raised $1 billion at a $10 billion valuation from prominent investors including Benchmark, Sequoia, and Coatue. The company currently has only 14 employees, and CEO Noah is said to spend 40 percent of his time securing compute resources. Most of the newly raised funds will be allocated toward compute acquisition.
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Steve Hou has previously covered key trends among technology investors, noting that a major IPO could lead South Korean investors to shift focus from Samsung and SK Hynix to AI model developers. In earlier analysis, he examined correlations in U.S. PPI and core CPI since 1995, highlighting a services-driven economy and subdued wage growth over recent decades. These reports demonstrate Hou’s continued attention to significant shifts in tech and macroeconomic trends.