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Instinct, an AI personal agent company founded a year ago with 14 employees, has reached a $10 billion valuation. Founder Noah Shinn discussed its product and business model on the podcast "Invest Like The Best." Instinct has no standalone app; users book flights and cancel subscriptions through text messages, phone calls, and emails, and its annualized transaction volume has reached the $1 billion scale, about half of which comes from business travel. It is free for users, and the company charges commissions to merchants that profit from transactions; Noah explicitly rejects the advertising model. About 40% of users link a credit card after roughly three weeks of use, and this group has a retention rate of about 80%.
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New on our Engineering blog: Creating in-house source control. In May, we merged around 2,500 code changes per day. In September, we merged more than 30,000 per day. As a result, we became bottlenecked by developer infrastructure built for human (rather than agent) scale. Here, we share how we built a new version control system—and fully migrated our monorepo from git—in five months: https://t.co/wzNkwHs7IN
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New on our Engineering blog: Creating in-house source control. In May, we merged around 2,500 code changes per day. In September, we merged more than 30,000 per day. As a result, we became bottlenecked by developer infrastructure built for human (rather than agent) scale. Here, we share how we built a new version control system—and fully migrated our monorepo from git—in five months: https://t.co/wzNkwHs7IN
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