Tech-focused investment firm led by Philippe Laffont
Instinct has expanded its AI assistant with features like Trusted Person, enabling agents to coordinate plans with others. While adoption has grown, users raise privacy concerns and some observers say the policy updates may not fully resolve issues. Competition from Meta’s Muse is intensifying as it dominates app stores.
Firmus Technologies has scrapped its planned ASX listing, citing market volatility and a valuation investors deemed excessive. The Nvidia-backed AI-datacentre developer will pursue private funding and alternative public options. Backers include Nvidia, Coatue, Blackstone and Jane Street. The move underscores caution around AI IPOs despite the sector’s hype.