AI assistant Instinct is raising a $250M Series B co-led by Index Ventures and Benchmark at a $2.5B valuation, bringing its total raised to $350M (Kate Clark/Wall Street Journal)

Instinct raised $250 million in a Series B round co-led by Index Ventures and Benchmark, valuing it at $2.5 billion and bringing total financing to $350 million. Nvidia posted Q2 revenue of $96.22 billion, a 106% year-over-year increase, with data-center sales up 117% to $89 billion. Meta settled with 52 state and local attorneys general for up to $18 billion, imposing strict limits on teenage use of Facebook and Instagram.